This topic contains a solution. Click here to go to the answer

Author Question: When inflation is much higher than expected, which of the following is true? a. Nominal incomes are ... (Read 25 times)

silviawilliams41

  • Hero Member
  • *****
  • Posts: 560
When inflation is much higher than expected, which of the following is true?
 a. Nominal incomes are lower than expected.
  b. Real interest rates are higher than expected.
  c. Income is redistributed from those whose expenditures are fixed toward those who receive a fixed income.
  d. Nominal interest rates are lower than expected.
  e. Real interest rates are lower than expected.

Question 2

A positive statement is prescriptiveit prescribes what should be done.
 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

jrpg123456

  • Sr. Member
  • ****
  • Posts: 317
Answer to Question 1

e

Answer to Question 2

False




silviawilliams41

  • Member
  • Posts: 560
Reply 2 on: Jun 30, 2018
Excellent


yeungji

  • Member
  • Posts: 319
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

Tobacco depletes the body of vitamins A, C, and E, which can result in any of the following: dry hair, dry skin, dry eyes, poor growth, night blindness, abscesses, insomnia, fatigue, reproductive system problems, sinusitis, pneumonia, frequent respiratory problems, skin disorders, weight loss, rickets, osteomalacia, nervousness, muscle spasms, leg cramps, extremity numbness, bone malformations, decayed teeth, difficulty in walking, irritability, restlessness, profuse sweating, increased uric acid (gout), joint damage, damaged red blood cells, destruction of nerves, infertility, miscarriage, and many types of cancer.

Did you know?

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

For a complete list of videos, visit our video library