Inflation necessarily distorts saving when either real interest income or nominal interest income is taxed
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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Human capital is knowledge in
A) books. B) people. C) firms. D) government.
Economics
Suppose that the demand for electricity has been found to be price inelastic. The most likely explanation for this finding is that:
A. electricity is a luxury good. B. electricity is sold in a monopoly market. C. the fraction of income spent on electricity is large. D. few substitutes for electricity exist.
Economics