Over long time horizons, the more independent a country's central bank is,
A) the lower the inflation that country experiences.
B) the better chance that country has of experiencing hyperinflation.
C) the higher the country's unemployment rate tends to be.
D) the more politically unstable the country becomes.
A
Economics
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Most people base their current consumption spending at least partially on
a. short-run debt. b. long-run debt. c. long-run real interest rates. d. long-run income.
Economics
If the price level does not fall or only falls very slowly, then the result will be a prolonged period of
A. inflation whenever supply increases. B. production below potential GDP. C. production above potential GDP. D. rapid price increases when demand changes.
Economics