If the rate of inflation in a given time period turns out to be lower than lenders and borrowers anticipated, then the effect will be a:
a. redistribution of wealth from lenders to borrowers.
b. net gain in purchasing power for borrowers relative to lenders.
c. net loss in purchasing power for lenders relative to borrowers.
d. redistribution of wealth from borrowers to lenders.
d
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A table that summarizes who the players in a game are, the actions available to each player, and the payoffs available to each player is a ________
Fill in the blank(s) with correct word
In the above figure, the short-run aggregate supply curve is SAS and the aggregate demand curve is AD. A recessionary gap exists
A) if the long-run aggregate supply curve is LAS1. B) if the long-run aggregate supply curve is LAS2. C) if the long-run aggregate supply curve is LAS3. D) All of the above answers are correct.
If real GDP per capita measured in 2009 dollars was $6,000 in 1950 and $48,000 in 2016, we would say that in the year 2016, the average American could buy ________ times as many goods and services as the average American in 1950
A) 1/8 B) 4 C) 8 D) 12
Compare the growth rates in Hong Kong, Korea, Singapore, Taiwan, China, and the United States. In terms of real GDP per person, how far is China behind these others?
What will be an ideal response?