Policy makers:
A. dislike inflation because it redistributes income.
B. dislike inflation because it allows individuals to maintain illusions.
C. like inflation because it allows individuals to maintain illusions.
D. like inflation because it makes society richer.
Answer: C
Economics
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The Federal Trade Commission:
a. was abolished by the Celler-Kefauver Act. b. was established when the Antitrust Division of the Justice Department was eliminated. c. largely deals with utility regulation. d. is a weak and ineffective government agency. e. investigates unfair and deceptive trade practices.
Economics
When the interest rate is 7.5%, what is the present value of a perpetuity paying $50 a year forever?
a. $375.00. b. $465.11. c. $537.50. d. $666.67.
Economics