The cost of inflation reduction is less if people believe that the central bank will really reduce inflation
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
The North American Free Trade Agreement and the European Union are examples of
A. labor agreements designed only for industrialized countries. B. defense treaties. C. regional trade blocs. D. agriculturally based economies.
In the year 2015, the United States spent about
A) 17 percent of GDP on health care. B) 100 percent of GDP on health care. C) 6 percent of GDP on health care. D) 2 percent of GDP on health care.
The Federal Reserve conducted the policy of quantitative easing primarily when
A) the interest rate was very sensitive to the change in the money supply. B) the interest rate was close to zero. C) the interest rate was relatively high. D) the interest rate was too erratic to be controlled.
If you go to a bar tonight and have three beers before going home to study economics, will you likely receive some consumer’s surplus? Explain why or why not.
What will be an ideal response?