Which of the following is not a usual consequence of inflation?
A) Income is redistributed among people.
B) People are misled into supposing that their earnings have risen substantially.
C) People believe that rising prices have made them worse off.
D) The cost of living goes up for everyone.
E) The value of money falls.
D
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Open market sale will result in:
A) increase in bank reserves and a decrease in the federal funds rate. B) increase in bank reserves and an increase in the federal funds rate. C) decrease in bank reserves and a decrease in the federal funds rate. D) decrease in bank reserves and an increase in the federal funds rate.
A . If the government places a tax on land users, what will happen to the quantity of land supplied, if the supply of land is costless? What will happen to land rent? b. How will your answers to Part a . change if there are differential rents in the absence of the government tax?