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Author Question: When inflation is much higher than expected, which of the following is true? a. Nominal incomes are ... (Read 27 times)

silviawilliams41

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on: Jun 30, 2018
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


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jrpg123456

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

e

Answer to Question 2

False


silviawilliams41

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

shailee

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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