During unanticipated inflation,
A. savers lose.
B. borrowers gain.
C. lenders lose.
D. All of the choices are correct.
D. All of the choices are correct.
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Suppose the government imposes a small carbon tax on automakers. But the price of gasoline has doubled due to a Middle East crisis which has reduced oil production
In the market for autos, these changes mean that supply and demand have both changed with the effect on the demand larger than the effect on the supply. The result is that the price of autos will ________ and the number of autos sold will ________. A) rise; perhaps change but we can't say if it increases, decreases, or stays the same B) rise; increase C) rise; decrease D) fall; perhaps change but we can't say if it increases, decreases, or stays the same E) fall; decrease
A shortage exists in the market for corn at the prevailing price. The shortage will be eliminated by a price: a. increase, increasing the supply and decreasing the demand
b. decrease, increasing the supply and decreasing the demand. c. decrease, increasing the quantity supplied and decreasing the quantity demanded. d. increase, increasing the quantity supplied and decreasing the quantity demanded.
Laws that prohibit collective bargaining agreements requiring a worker to join a union as a condition of employment are called
a. collective bargaining agreements. b. minimum wage laws. c. union shop laws. d. right-to-work laws.
Richard loses his job at the microbrewery due to a downturn in general business conditions. He is experiencing
A. structural unemployment. B. cyclical unemployment. C. seasonal unemployment. D. frictional unemployment.