Inflation is a serious problem because inflation causes real wages to decline
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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If a country had a trade surplus of $50 billion and then its exports rose by $30 billion and its imports rose by $20 billion, its net exports would now be
a. $0 billion. b. $20 billion. c. $40 billion. d. $60 billion.
Economics
When a price control pushes the price of a good or resource below the market equilibrium, then
A) the quantity supplied will be greater than the quantity demanded of the good. B) a shortage of the good will develop. C) the scarcity of the good will be eliminated. D) a surplus of the good will develop.
Economics