This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Suppose an economy had an inflation rate of 7 percent last year. This has decreased to 6 percent ... (Read 112 times)

Chelseaamend

  • Hero Member
  • *****
  • Posts: 545
on: Jun 30, 2018
Suppose an economy had an inflation rate of 7 percent last year. This has decreased to 6 percent this year. This means that the economy is:
 a. suffering from hyperinflation.
 b. experiencing deflation.
 c. experiencing disinflation.
 d. experiencing a wage-price spiral.
 e. experiencing a decrease in real wage.

Question 2

Negative income tax plans have the disadvantage of decreasing work incentives in comparison to existing welfare programs without work incentives.
 a. True
  b. False
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Missbam101

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

False


Chelseaamend

  • Member
  • Posts: 545
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

Viet Thy

  • Member
  • Posts: 329
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Cyanide works by making the human body unable to use oxygen.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Acceptable ranges of respiratory rate Acceptable ranges of respiratory rate
A 5,000-year-old Egyptian garment A 5,000-year-old Egyptian garment
How to solve any percent concentration problem How to solve any percent concentration problem
If a graph has the following x-intercepts, which value of x is the instantaneous rate of change ... If a graph has the following x-intercepts, which value of x is the instantaneous rate of change ...
Let A ⊆ R and p ∈ A. Suppose A\{p}6= ∅. Prove that p is an isolated point of A if and ... Let A ⊆ R and p ∈ A. Suppose A\{p}6= ∅. Prove that p is an isolated point of A if and ...
Rita borrows $4,500 from the bank at 9 percent annually compounded interest to be repaid in ... Rita borrows $4,500 from the bank at 9 percent annually compounded interest to be repaid in ...
Video: Fertilization and Development

For a complete list of videos, visit our video library