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

Author Question: Inflation acts as a tax because the government gains purchasing power. Is the previous statement ... (Read 64 times)

captainjonesify

  • Hero Member
  • *****
  • Posts: 543
on: Jun 29, 2018
Inflation acts as a tax because the government gains purchasing power. Is the previous statement correct or incorrect?
 
  What will be an ideal response?

Question 2

One type of demander in the loanable funds market
 
  A) lends funds to purchase financial capital.
  B) lends funds to purchase physical capital.
  C) wants physical capital in order to purchase financial capital.
  D) wants funds to purchase financial capital.
  E) wants funds to purchase physical capital.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

shaquita

  • Sr. Member
  • ****
  • Posts: 324
Reply #1 on: Jun 29, 2018
Answer to Question 1

The statement is correct. Inflation decreases the purchasing power of people's money and the government essentially gains the purchasing power.

Answer to Question 2

E


captainjonesify

  • Member
  • Posts: 543
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

at

  • Member
  • Posts: 359
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

On average, the stomach produces 2 L of hydrochloric acid per day.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

A “reduced power” warning light indicates a fault with the electronic throttle control system on ... A “reduced power” warning light indicates a fault with the electronic throttle control system on ...
Nuclear power Nuclear power
Geothermal power Geothermal power
Government By the People, 2016 Presidential Election, 26th Edition Government By the People, 2016 Presidential Election, 26th Edition
Find the voltage, current and power for each resistor in the circuit below Find the voltage, current and power for each resistor in the circuit below
Pascal’s triangle of binomial coefficients (p + q) raised to the nth power Pascal’s triangle of binomial coefficients (p + q) raised to the nth power
Video: What are Taste Receptors? How Does it Work? Animation

For a complete list of videos, visit our video library