An increase in the general level of prices will tend to cause, other things the same ________
A) an increase in the real value of assets
B) an increase in the real value of liabilities
C) no change in the real value of liabilities
D) a decrease in the real value of liabilities
D
You might also like to view...
What is the aspect of imperfect competition that is most distinct from perfect competition?
A) free entry/exit B) perfect information C) differentiated products D) zero profits
A vertical long-run aggregate supply curve indicates that
a. an increase in the price level will not expand an economy's output capacity in the long run. b. outputs greater than the long-run supply constraint cannot be achieved. c. an increase in the price level will permit the economy to achieve a higher level of output. d. an increase in the price level will promote technological change and more rapid economic growth.
The short-run Phillips curve indicates that expansionary monetary policy will temporarily raise the unemployment rate above its natural rate
a. True b. False Indicate whether the statement is true or false
Economic theory states that losing comparative advantage in one good means creating a comparative advantage in another. This suggests that:
A. those who experience the transition may find it difficult in the short run. B. in the long run people may not like it, but no one will complain in the short run. C. outsourcing will always be good for every member of a society. D. it can be seen as a success in the short run.