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Author Question: Becky holds 30,000 as money. After a year during which inflation was 5 percent a year, the inflation ... (Read 114 times)

imowrer

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on: Jun 29, 2018
Becky holds 30,000 as money. After a year during which inflation was 5 percent a year, the inflation tax over that year was
 
  A) 1,000. B) 1,500. C) 500. D) 5. E) 3,000.

Question 2

When investment increases, the multiplier points out that
 
  A) consumption decreases by a greater amount.
  B) consumption increases by the same amount.
  C) real GDP increases by a greater amount.
  D) ultimately investment increases by more than the initial increase.
  E) real GDP decreases by a greater amount.


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jackie

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


imowrer

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Reply #2 on: Jun 29, 2018
Thank you


jackie

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Reply #3 on: Jun 29, 2018
No problemo


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