An unexpected reduction in inflation would tend to benefit which of the following?
A. neither creditors nor debtors
B. debtors
C. creditors and debtors
D. creditors
Answer: D
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Which of the following is NOT a part of aggregate expenditure?
A) exports B) investment C) imports D) government expenditure E) taxes
Belgium's real GDP per person is $33,000 and Austria's is $34,700. The population growth rate in Belgium is 0.13 percent and the growth rate of real GDP is 3.0 percent
The population growth rate in Austria is 0.08 percent and the growth rate of real GDP is 3.3 percent. If these growth rates continue, how many years will it take for Belgium's real GDP per person to equal Austria's real GDP per person? A) Belgium's standard of living will never equal Austria's. B) just over 23 years C) just over 24 years D) just over 21 years E) over 230 years
A firm's expansion path
A) shows the targeted growth rate in sales over the long run. B) is the same thing as its long-run average cost curve. C) is a curve that shows a firm's cost-minimizing combination of inputs for every level of output, holding input prices constant. D) is a curve that shows expected profits at various price levels.
The median voter model assumes that voters have single-peaked preferences
a. True b. False