If inflation is less than expected, who is wealth redistributed to?
creditors
Economics
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Describe why monetary policy rules are superior to discretionary monetary policy
What will be an ideal response?
Economics
An increase in currency held outside the banks is ________
A) a currency drain B) income C) a currency surplus D) wealth
Economics
When prices of new houses rise significantly faster than rent prices, this is evidence of a:
A) debt-deflation process B) bubble C) financial crisis D) sovereign debt crisis
Economics
Bank runs ____ bank reserves and ____ the money supply
a. decrease; decrease b. decrease; increase c. increase; increase d. increase; decrease
Economics