"Inflation acts as a tax because the government gains purchasing power." Is the previous statement correct or incorrect?
What will be an ideal response?
The statement is correct. Inflation decreases the purchasing power of people's money and the government essentially gains the purchasing power.
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The purchase by a foreign government of an airplane produced in the United States is included in U.S
A) government purchases. B) investment expenditures. C) consumption expenditures. D) net exports.
The AFL and CIO merged because it was thought that
A) organized labor would grow faster as a result. B) union pension funds would shrink as a result. C) strikes could be averted. D) managers would be more sympathetic to unions.
Reaching a positive-positive outcome through a commitment strategy:
A. will only benefit the players and will not serve public interest. B. will not benefit anyone. C. can benefit everyone. D. will always benefit everyone.
In the early 1960s, the discovery of the Phillips curve relationship caused economists and policy makers to think that they understood the trade-offs between: a. aggregate supply and aggregate demand. b. interest rate and investment. c. inflation and unemployment
d. monetary and fiscal policy. e. rule-making and discretionary policy.