The additional production resulting from hiring one more worker is

Which of the following is true about inflation? a. Inflation promotes social harmony by uniting people against the government

b. Inflation is more damaging if it is unanticipated. c. Accurate anticipation of inflation is possible for everyone who is well informed about economic events. d. Those who lend money at a rate above the rate of inflation suffer economic losses. e. If people accurately anticipate inflation, their actions will prevent it.

As a result of a successful attempt by government to cut the economic pie into more equal slices,

a. the pie gets larger, and there will be more pie overall. b. the pie gets smaller, and there will be less pie overall. c. it increases the reward for working hard, resulting in people producing more goods and services. d. those who earn more income pay less in taxes.