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Author Question: Suppose an economy had an inflation rate of 7 percent last year. This has decreased to 6 percent ... (Read 39 times)

Chelseaamend

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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


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Missbam101

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

c

Answer to Question 2

False


Chelseaamend

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

Dnite

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Reply 3 on: Yesterday
Excellent

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