The primary conclusion of using inflation accounting is that inflation
a. distorts the tax system, and results in slower economic growth.
b. reduces the national debt to its nominal value instead of its real value.
c. causes recessions, and increases the structural deficit.
d. distorts government budget accounting by exaggerating interest expense.
d
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Merger guidelines developed by the Antitrust Division of the U.S. Department of Justice use four-firm concentration ratios as measures of concentration
Indicate whether the statement is true or false
Nonrivalry, as it relates to public goods, means that:
A. government-producer rivalry does not exist in this market. B. producer rivalry does not exist in this market. C. consumer-producer rivalry does not exist in this market. D. consumer rivalry does not exist in this market.