If you take out a bank loan prior to unanticipated inflation
A) your bank will gain at your expense.
B) you will gain at the expense of your bank.
C) it will be harder for you to repay the loan because of the inflated dollar.
D) neither you nor your bank will be affected, because the loan was made prior to the inflation.
B
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Personal consumption expenditures include
a. all goods that business firms buy b. the purchase prices paid for stocks and bonds by individual households c. the construction of residential housing d. all goods and services bought by households e. the corrected value of housewives' services
Anna enters the workforce after being unemployed for a year. How would this be shown on her consumption function?
A. Movement down the consumption function B. Shift upward of the function C. Shift downward of the function D. Movement up along the consumption function