An individual would suffer lower losses or maybe even gain from an unexpectedly higher inflation rate if
a. she held much currency and on net was a lender.
b. she held much currency and on net was a borrower.
c. she held little currency and on net was a lender.
d. she held little currency and on net was a borrower.
d
You might also like to view...
Macroeconomics would be concerned with
A) implications of changes in unemployment and inflation. B) the effects on individual consumers of changes in the price of gasoline for a business. C) the effects of a tax on beer. D) the effects of wage increases on steel manufacturers.
The Social Security tax is
A. A progressive tax. B. A proportional tax at low income levels and a progressive tax at higher income levels. C. A regressive tax. D. A proportional tax.
A small country is considering imposing a tariff on imported wine at the rate of $5 per bottle. Economists have estimated the following based on this tariff amount: World price of wine (free trade):$20 per bottleDomestic production (free trade):500,000 bottlesDomestic production (after tariff):600,000 bottlesDomestic consumption (free trade):750,000 bottlesDomestic consumption (after tariff):650,000 bottles The imposition of the tariff on wine will cause the surplus of the domestic producers to ________ by about
A. rise; $2.75 million. B. fall; $2.5 million. C. rise; $1 million. D. rise; $500,000.
The word "outputs" refers to physical goods produced by businesses.
Answer the following statement true (T) or false (F)