During inflationary periods,
A. the real value of money rises.
B. the real value of money remains constant.
C. the real value of money falls.
D. the purchasing power of money rises.
Answer: C
You might also like to view...
In the balance of payments accounts, changes in U.S. official reserves are recorded in the
A) international currency account. B) current account. C) international reserves account. D) official settlements account. E) capital and financial account.
If the intended aim of the price floor set in the graph shown was a net increase in the well-being of producers, then normative analysis would conclude that:
A. the policy was effective, since surplus gained by producers through higher prices is greater than the surplus they lost through deadweight loss.
B. the policy was ineffective, since surplus gained by producers through higher prices is greater than the surplus they lost through deadweight loss.
C. the policy was effective, since surplus gained by producers through higher prices is greater than the surplus lost by consumers through higher prices.
D. there is no "right" conclusion to be reached in a normative sense, since people have different opinions concerning what constitutes a better outcome.
Deregulation of banks and other depository institutions allowed the FDIC to open bank branches of its own
a. True b. False Indicate whether the statement is true or false
When a monopolist maximizes profit, its marginal cost will
a. be less than its average fixed cost. b. be less than the price per unit of its product. c. exceed its marginal revenue. d. equal its average total cost.