Inflation:
a. can cause a redistribution of income from creditors to borrowers
b. may discourage investment and economic growth.
c. can decrease the value of a nation's currency relative to other nations.
d. may result in any of the above.
d
Economics
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The competition faced by firms in an oligopoly with differentiated products is higher than that faced by firm(s) in ________
A) a duopoly with homogeneous products B) perfect competition C) monopolistic competition D) monopoly
Economics
The demand curve for labor of Coca-Cola manufacturers will not shift to the right if:
A. Coca-Cola workers become unionized. B. the price of Coca-Cola increases. C. the firms innovate with new technology that raises labor productivity. D. the price of Pepsi increases.
Economics