If the inflation rate is lower than expected, real income is redistributed from borrowers to lenders
a. True
b. False
A
You might also like to view...
If children can be considered durable goods, then this would help explain
(a) high birth rates among farm families. (b) small family size among farm families. (c) lower birth rates in towns than in the countryside. (d) lower birth rates in the countryside than in towns.
Semen consists of
A. sperm B. alkaline fluid C. fructose D. all of the above
Suppose a country repeals an investment tax credit and that leads to a decrease in investment spending of $100 billion. Suppose the multiplier is 1.2 and the economy's real GDP is $5,000 billion. This contractionary action
A) will shift the aggregate demand curve to the left by $120 billion. B) will shift the aggregate demand curve to the left by $6,000 billion. C) will shift the aggregate supply curve to the left by $120 billion. D) will shift the aggregate supply curve to the left by $6,000 billion.
In June of 2016, the citizens of the United Kingdom (UK) voted in favor of leaving the European Union (EU). The decision to leave is now commonly referred to as "Brexit." Briefly summarize both the arguments used for the UK remaining in the EU and the arguments used for the UK leaving the EU.
What will be an ideal response?