Losers from inflation include:
a. savers and borrowers.
b. landlords and the government.
c. borrowers and the government.
d. those on a fixed income and borrowers.
e. those on a fixed income and savers.
e
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Many less developed countries have low rates of economic growth because
a. high population growth rates reduce living standards b. low population growth rates result in an inadequate labor supply c. high current output per capita reduces incentives for growth d. interest rates are too high e. they invest too much in infrastructure leaving little for private capital investment
Which of the following is true of capital markets during the 1980s?
A. The majority of financial capital was locally generated. B. The mortgages available to buy a house were mostly from abroad. C. The capital markets were more profitable as compared to the 1990s. D. The capital-gains tax was at an all-time low of 10%.
Cross-price elasticity looks at the impact that income changes have on sales.
Answer the following statement true (T) or false (F)
In economics, the term "marginal" refers to
A) total. B) a change in the total. C) average change. D) inverse.