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Author Question: In general, the only thing that can cause a sustained increase in the rate of inflation is: a. a ... (Read 187 times)

tiara099

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on: Jun 30, 2018
In general, the only thing that can cause a sustained increase in the rate of inflation is:
 a. a high rate of growth in the supply of money.
  b. a significant increase in unemployment.
 c. a decrease in real GDP.
 d. an increase in federal income taxes.

Question 2

Which of the following groups would not tend to lose from unexpected inflation?
 a. Retirees on fixed pensions.
 b. Creditors.
 c. Those whose incomes are tied to long-term contracts.
 d. Those whose wages have cost of living adjustment clauses in their contracts.


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randomguy133

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Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

d


tiara099

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

apple

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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