If people had been expecting prices to rise but in fact prices fell, then who among the following would benefit?
a. lenders and people holding a lot of currency
b. lenders but not people holding a lot of currency
c. people holding a lot of currency but not lenders
d. neither lenders nor people holding a lot of currency
a
You might also like to view...
Which of the following is true for the economy depicted in Figure 9-2?
a. potential output equals y1 b. it would be impossible for this economy to achieve an output greater than y1 c. when output y1 is achieved, the actual rate of unemployment will exceed the natural rate of unemployment d. when output y1 is achieved, the actual rate of unemployment will be less than the natural rate of unemployment
Suppose a firm produces pollution when it generates electricity. The cost of the pollution is called the
A) marginal cost. B) marginal private cost. C) marginal external cost. D) marginal social cost.
When a firm has economic profits equal to zero
A) the firm is earning a normal rate of return on investment. B) the firm is not earning a normal rate of return on investment. C) the firm should shut down. D) the firm's accounting profits are also zero.
If the unemployment rate has reached an all-time low, the production of output is probably
a. high b. low c. fluctuating d. stable e. inefficient