All of the following are macroeconomic effects of inflation except
A. Bracket creep.
B. Uncertainty.
C. Speculation.
D. Lower taxes.
Answer: D
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Which of the following is an example of an intermediate-term debt?
A) a fifteen-year mortgage B) a sixty-month car loan C) a six-month loan from a finance company D) a thirty-year U.S. Treasury bond
For the cost function C(Q) = 200 + 3Q + 8Q2 + 4Q3, what is the average fixed cost of producing six units of output?
A. 42.12 B. 33.33 C. 212.61 D. 18.31
Borrowers:
A. lose with inflation, as the value of their debt decreases. B. gain from inflation, as the value of their debt decreases. C. gain from inflation, as the value of their debt increases. D. lose with inflation, as the value of their debt increases.
The Laffer curve shows a relationship between
A. tax rates and tax revenues. B. the price level and real Gross Domestic Product (GDP). C. government spending and real Gross Domestic Product (GDP). D. interest rates and investment spending.