For most people, the problems of inflation are caused by the fact that
A) the inflation is unanticipated.
B) the inflation is anticipated.
C) the inflation rate causes the purchasing power of money to increase.
D) all prices change so there is no way to protect themselves against the decline in their wealth.
A
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The size of a single family residential lot is typically:
A. less than one acre B. between one and two acres C. between two and three acres D. greater than three acres
The measured poverty rate may not reflect the true extent of economic deprivation because it does not include some forms of government assistance
a. True b. False Indicate whether the statement is true or false
The figure below shows the foreign exchange market. D£ is the nonofficial demand curve for pounds. S£ (Spring-summer) and S£ (Autumn-winter) are the nonofficial supply curves of pounds during the spring-summer and autumn-winter seasons, respectively. Assume that the British government is committed to maintaining a fixed exchange rate at $1.90 per pound. In the Spring-summer period, what type of intervention must British monetary authorities engage in?
A. Sell 10 billion pounds at $2.20 B. Buy 40 billion pounds at $2.20 C. Buy 20 billion pounds at $1.90 D. Sell 20 billion pounds at $1.90
Refer to the diagrams. Suppose that government undertakes fiscal policy designed to increase aggregate demand from AD 1 to AD 2 and thereby to increase GDP from X to Z. In terms of graph B, which of the following might explain why GDP increases to Y rather than to Z?
A. Inflation.
B. An increase in stock prices.
C. Offsetting state and local finance.
D. A ratchet effect.