If inflation turns out to be higher than was anticipated, debtors are helped because
A) the real present value of their payments increases.
B) the real present value of their payments decreases.
C) the nominal present value of their payments increases.
D) the nominal present value of their payments decreases.
B
Economics
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All points within the utilities possibilities frontier are
A) unattainable. B) efficient. C) inefficient. D) profitable.
Economics
The value of the price elasticity of demand for a good will be relatively large when
a. there are no good substitutes available for the good. b. the time period in question is relatively short. c. the good is a luxury rather than a necessity. d. All of the above are correct.
Economics