Which costs of inflation could the government reduce without reducing inflation?

a. shoeleather and menu costs
b. menu costs and relative price variability
c. unintended changes in tax liabilities and arbitrary redistributions of wealth
d. none of the above is correct.

c

Economics

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The term "early adopters" refers to

A) consumers who respond quickly to fads, seasonal changes, etc. B) consumers who are willing to pay high prices to be among the first to own new products. C) firms that are the first to implement a new technology that is used to produce new goods or services. D) book clubs that are first to recommend best-selling books to their members.

Economics

If the demand for loanable funds shifts to the right, then the equilibrium interest rate

a. and quantity of loanable funds rises. b. and quantity of loanable funds falls. c. rises and the quantity of loanable funds falls. d. falls and the quantity of loanable funds rises.

Economics