Inferior Good

What will be an ideal response?

A good for which, other things equal, an increase in income leads to a decrease in demand.

Economics

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A policy where the Federal Reserve focuses only on inflation is called monetarizing inflation

Indicate whether the statement is true or false

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Economics

What is the present value of $100 one year from now at an interest rate of 5%?

A) $5 B) $95.24 C) $100 D) $105

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Economics