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Author Question: Unexpected inflation redistributes income: a. away from workers with cost-of-living adjustments, ... (Read 146 times)

ARLKQ

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on: Jun 30, 2018
Unexpected inflation redistributes income:
 a. away from workers with cost-of-living adjustments, benefiting employers.
  b. away from renters, benefiting landlords.
  c. away from poor people, benefiting the rich.
  d. away from people with fixed incomes, benefiting people with fixed costs.
  e. away from debtors, benefiting creditors.

Question 2

A normative statement is descriptiveit describes what happens and why it happens.
 a. True
  b. False
  Indicate whether the statement is true or false


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kthug

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

d

Answer to Question 2

False


ARLKQ

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Reply #2 on: Jun 30, 2018
Thank you


kthug

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Reply #3 on: Jun 30, 2018
No problemo


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