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Author Question: Which of the following is true of inflation? a. It is an increase in the general price level of ... (Read 19 times)

misspop

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on: Jun 30, 2018
Which of the following is true of inflation?
 a. It is an increase in the general price level of goods and services.
  b. The purchasing power of money increases as the result of inflation.
  c. Inflation is similar to interest payments on future money income, such as pensions and receipts from outstanding loans.
  d. Inflation has no effect on real income.

Question 2

Unemployment compensation payments:
 a. fall during periods of prosperity and thus reduce federal budget deficits.
  b. fall during periods of prosperity and thus increase federal budget deficits.
  c. fall during recessions and thus increase the problem of unemployment.
  d. rise during periods of prosperity and thus increase federal budget deficits.
  e. rise during recessions and thus increase the problem of unemployment.


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jrpg123456

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

a

Answer to Question 2

a


misspop

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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
YES! Correct, THANKS for helping me on my review

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