How does deflation affect those with debt?
What will be an ideal response?
A decline in the price level means that the fixed payments of loans and bonds are made with dollars of greater purchasing power, increasing the burden on borrowers.
Economics
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A balance of payments deficit is associated with a ________ of international reserves, while a balance of payments surplus is associated with a ________
A) loss; loss B) loss; gain C) gain; loss D) gain; gain
Economics
Since the government has been paying out farm subsidies
A. the number of family farms has increased by about 40 percent. B. the number of family farms has increased by 10%. C. the number of family farms has decreased by 10%. D. the number of family farms has decreased by 70 percent.
Economics