In what circumstances would lenders most benefit?
A. When there is an unanticipated decrease in inflation
B. When there is an anticipated increase in inflation
C. When there is an unanticipated increase in inflation
D. When there is an anticipated decrease in inflation
A. When there is an unanticipated decrease in inflation
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If a firm hires a worker by paying him a wage lower than his value of marginal product, ________
A) firing the worker will increase the firm's profits B) the firm is making an optimum decision C) the firm should hire more workers to increase profits D) profits of the firm are minimized
The people who immediately benefit from a minimum wage are
A) employers who now pay the minimum wage. B) those people who enter the labor force to search for minimum wage jobs. C) the workers who retain their jobs after enactment of the minimum wage. D) everyone, both demanders and suppliers, because the minimum wage benefits everyone. E) all workers.