The main problem from inflation as seen by most economists is:
A. inflation harms lenders more than it benefits borrowers.
B. inflation creates risk.
C. during periods of inflation some prices fall.
D. inflation raises prices more than wages.
Answer: B
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he United States' economy was most depressed in
A. 1923. B. 1933. C. 1943. D. 1953.
Economists refer to the ideal combination of the price a firm should charge and the quantity a firm should produce as
A) profit maximization. B) maximized production. C) perfect competition. D) optimus prime.
What is meant by the term opportunity cost?
What will be an ideal response?
Contributions to and payments from Social Security
a. represent transfers from the young to the elderly b. represent transfers from the elderly to the young c. are voluntary d. represent transfers from high-income to low-income people e. are part of the government's public goods purchases