This group is most likely to be harmed by inflation.
A. Debtors
B. Persons on fixed incomes
C. The young
D. Foreigners
Answer: B
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Holding the real money supply constant, an increase in real money demand will reduce interest rates
Indicate whether the statement is true or false
The central issue in the stabilization policy debate is
A) the effectiveness of monetary policy and fiscal policy. B) the effectiveness of fiscal policy, but not monetary policy. C) the role of money in the inflationary process. D) the location of the sources of economic instability in the economy.
Most innovation comes from universities and governments, which are inherently market driven
a. True b. False Indicate whether the statement is true or false
The percentage of consumer income spent on durable goods, nondurable goods and services have changed between 1955 and 2007 as follows:
A. Percentage spent on services has declined. B. Percentage spent on durable goods has increased. C. Percentage spent on nondurable goods and durable goods has decreased. D. Percent spent on durable goods and services has increased.