Suppose that last year you borrowed 100 at 5 percent interest to purchase a 100 pair of Nike cross-training shoes. This year you repaid the bank with interest. If the inflation rate was 10 percent last year, your purchase of the shoes would:
a. make you an inflation winner as you saved 5 on the shoes.
b. make you an inflation loser as you paid 5 more than you should have for the shoes.
c. not be affected at all by the inflation rate.
d. be taxed according to COLA adjustments.
e. make you an inflation loser because of bracket creep.
Question 2
Lower marginal tax rates encourage people to work, save, and invest, resulting in more output and a larger tax base. This statement most closely reflects which of the following schools of economic thought?
a. Keynesian.
b. Adam Smithian.
c. Aggregate demandian.
d. Supply-side economics.
Changes in boreal forest composition along a chronosequence in Quebec. Dates refer to the year of th
History of the number of observed sunspots during the last 250 years, which shows the ~11-year solar
Let f be a real function with domain R. Suppose that for each ǫ > 0, there is a continuous ...
Chelsea Donahue has a 20-year home mortgage of 78,000 at 7.50% interest and will pay ...
A non-interest-bearing five-year note for $54600.00 issued May 1, 2015, is discounted April 1, ...