When Haley states that inflation by itself always reduces the real return on her saving, she
a. has expressed the idea of the inflation tax.
b. has expressed the idea behind menu costs.
c. has committed the inflation fallacy.
d. has expressed the idea behind shoeleather costs.
c
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This table shows individual demand schedules for a market. Price of GoodBarney's DemandBetty's Demand$0.002023$0.501818$1.001611$1.50148$2.00126$2.50105According to the table shown, at a price of $1.00, how much of the good will be demanded by Betty?
A. 11 B. 16 C. 30 D. 46
If Argentina suffers from capital flight, Argentinean domestic investment and Argentinean net exports will both decline
a. True b. False Indicate whether the statement is true or false
As prices of an input changes, the isocost line will ________ to reflect more or less of the total amount spent in production
Fill in the blank(s) with the appropriate word(s).
The quantity of reserves supplied increases as interest rates rise because
A. the Treasury borrows more at higher interest rates. B. consumers don’t want to borrow as much so more money is left in banks. C. as interest rates rise, banks fear losses so they decrease lending. D. banks find it more profitable to loan out excess reserves to other banks.