With increases in inflation demand for money that does not earn a return decreases. Carrying less cash in our pockets means higher ________
A) shoe-leather costs
B) menu costs
C) capital gain tax bills
D) all of the above
E) none of the above
A
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The new classical explanation of aggregate supply in the short run builds on research by
A) Irving Fisher. B) John Maynard Keynes. C) Robert Lucas. D) Robert Solow.
There is now general agreement among economists regarding the sources of the U.S. productivity slowdown that occurred between 1973 and 1995
a. True b. False Indicate whether the statement is true or false
If the cross-elasticity of goods X and Y is negative, then the sales of X move:
A. in the opposite direction as the price of Y, and X and Y are substitute goods. B. in the opposite direction as the price of Y, and X and Y are complementary goods. C. in the same direction as the price of Y, and X and Y are complementary goods. D. in the same direction as the price of Y, and X and Y are substitute goods.
All of the following aim to reduce income inequality EXCEPT
A) Social Security payments. B) earned income tax credits. C) regressive taxes. D) food stamp programs.