Unanticipated inflation will benefit creditors at the expense of debtors
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
A movement along a demand curve is most likely to be caused by
A) a change in the population. B) a change in expectations. C) a change in income. D) a change in the price of a good.
The U.S. federal income tax is progressive, which means that _____.
a. tax receipts grow at the same rate that income does b. tax receipts grow at the same rate that government spending does c. middle-income individuals pay more in taxes than either high-income or low-income individuals d. the tax rate decreases with increases in income e. high-income individuals are taxed at a higher rate than low-income individuals
The peak oil hypothesis says that the annual world production of oil
a. will not peak for several hundred years. b. peaked in the past two decades and is now rapidly declining. c. will peak in the coming decades and then decline. d. is now peaking and a major decline is imminent.
The net increase to total surplus when a negative externality is corrected or eliminated is due to:
A. the transfer of surplus from consumer or producer to those affected by the externality. B. the transfer of surplus from those affected by the externality to the consumer. C. the reduced number of transactions in the market. D. None of these statements is true.