One effect of inflation is that it is a tax that redistributes goods and services from
A) investors to savers.
B) households and businesses to the government.
C) businesses to households.
D) government to households.
E) government to businesses.
B
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At any point in time, a single bank can loan an amount equal to
A) its excess reserves. B) its required reserves. C) its government securities. D) the amount of loans the bank made in the past. E) its total reserves.
The firm's short run supply curve is equal to the
A) entire marginal cost curve. B) marginal cost curve above the AVC curve. C) marginal cost curve above the ATC curve. D) marginal cost curve above the AFC curve.
The amount of income a consumer has to spend on goods and services is known as
A) wealth. B) a budget constraint. C) purchasing power. D) effective demand.
Explain the causes of the U.S. Savings and Loans crisis of the early 1980s
What will be an ideal response?