When actual inflation is less than expected inflation,

A) borrowers lose and lenders gain. B) borrowers gain and lenders lose.
C) borrowers and lenders both lose. D) borrowers and lenders both gain.


A

Economics

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A substantial reduction in the rate of inflation is called:

A. disinflation B. inflation inertia C. hyperinflation D. inflation shock

Economics

Investment spending tends to be closely related to the current pace of economic growth

Indicate whether the statement is true or false

Economics

Costs that change as output changes are called incremental costs

Indicate whether the statement is true or false

Economics

If, for a given output level, a perfectly competitive firm's price is less than its average variable cost, the firm

A) is earning a profit. B) should increase output. C) should increase price. D) should shut down.

Economics