Inflation redistributes income to a greater extent when the inflation is unanticipated compared to when the inflation is anticipated
Indicate whether the statement is true or false
TRUE
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High rates of saving and investing in the private sector promote economic growth by:
A. improving technology. B. increasing human capital. C. improving the social and legal environment. D. increasing physical capital.
The above figure shows the market for rice in Japan. S2 represents the domestic supply curve, and S1 represents the world supply curve. If a $1 tariff is imposed on imported rice, the loss in social welfare is
A) b + c + d + e. B) a. C) i. D) a + c + d + e.
Which of the following resulted in the financial crisis in 2007-08?
a. Falling international reserves b. Short-term investments made by China in the US c. Lack of transparency d. Bad loans on U.S. mortgages e. Fixed rates of interest
Many Marxist sociologists assume that large-scale economic structures are the most important factors in people's lives. Given this, what sort of sociology would these sociologists tend to prefer?