When unanticipated inflation occurs:
A. creditors are hurt, but debtors benefit.
B. both creditors and debtors benefit.
C. debtors are hurt, but creditors benefit.
D. both creditors and debtors are hurt.
Answer: A
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In 2008, the Treasury and Federal Reserve took several actions in response to the deepening financial crisis. One action was the Treasury's move to have the federal government take control of
A) JPMorgan Chase. B) Fannie Mae and Freddie Mac. C) the Federal Deposit Insurance Corporation (FDIC). D) Lehman Brothers.
Savings for an economy is equal to:
A. private savings ? public savings. B. public savings ? private savings. C. private savings + public savings. D. investment ? net exports.
For the cost function C(Q) = 100 + 2Q + 3Q2, the average fixed cost of producing 2 units of output is:
A. 3. B. 100. C. 2. D. 50.
At an exchange rate of 1 pound = $2.00, an American product is sold for the equivalent of 50 pounds in Britain. Assuming that the dollar price does not change, what will be the new equivalent British-pound price if the exchange rate for a British pound rises to $3?
A. 100.0 pounds B. 50.0 pounds C. 33.3 pounds D. 24.5 pounds