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Author Question: According to Gresham's Law, a. inflation and unemployment are inversely related. b. tax rates and ... (Read 11 times)

jCorn1234

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on: Jun 30, 2018
According to Gresham's Law,
 a. inflation and unemployment are inversely related.
  b. tax rates and tax revenues are inversely related.
  c. bad money drives out good money.
  d. inflation is inevitable in the long run.

Question 2

The entrance of the U.S. into the Korean War in June of 1950 led to:
 a. deflation.
  b. an increase in the unemployment rate.
  c. a long and deep recession.
  d. a surge in consumer demand.
  e. All of the above.


lcapri7

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

c. bad money drives out good money.

Answer to Question 2

d. a surge in consumer demand.


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