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

Author Question: State two social benefits of inflation. What will be an ideal ... (Read 19 times)

bobbie

  • Hero Member
  • *****
  • Posts: 592
on: Jun 30, 2018
State two social benefits of inflation.
 
  What will be an ideal response?

Question 2

The relationship between the level of saving and the level of consumption is called the savings function.
 
  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

coreycathey

  • Sr. Member
  • ****
  • Posts: 333
Reply #1 on: Jun 30, 2018
Answer to Question 1

The social benefits of inflation are as follows:
a) Inflation caused by money creation acts as an implicit tax. It increases the government's revenue by transferring purchasing power from consumers and producers in an economy to the government.
b) Inflation can temporarily reduce the real interest rate and the real wage rate. This increases an employer's willingness to hire more and produce more.

Answer to Question 2

FALSE


bobbie

  • Member
  • Posts: 592
Reply 2 on: Jun 30, 2018
:D TYSM

kilada

  • Member
  • Posts: 311
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Asthma is the most common chronic childhood disease in the world. Most children who develop asthma have symptoms before they are 5 years old.

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

social support for the family caregiver social support for the family caregiver
Shope’s Model of Young Driver Crash Risks The model shows that many factors contribute to crash ris Shope’s Model of Young Driver Crash Risks The model shows that many factors contribute to crash ris
The recent mass upheavals in Tunisia, Egypt, Libya, Yemen, and Syria gave political scientists a cha The recent mass upheavals in Tunisia, Egypt, Libya, Yemen, and Syria gave political scientists a cha
For Gulf War veterans, lack of social support in the field is related to postwar depression. The ... For Gulf War veterans, lack of social support in the field is related to postwar depression. The ...
Vienna: Social Structure and Social Interaction Vienna: Social Structure and Social Interaction
Economic and Social Development Economic and Social Development
Video: Morphology of a tomato plant

For a complete list of videos, visit our video library