Assuming all else equal, the credit supply curve shows the relationship between the quantity of credit supplied and the:

A) real wage rate. B) real interest rate. C) income tax rate. D) inflation rate.

B

Economics

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The overwhelming unpopularity of inflation among citizens is largely a result of the fact that

A) inflation raises the real cost of such basic necessities as food, housing, and clothing. B) inflation reduces the value of real wealth. C) no one knows what causes it. D) no one (or almost no one) gains from inflation. E) people who gain from inflation often erroneously conclude that they are losing as a result of it.

Economics

Money that has value because the government has declared it legal tender to pay debts:

a. currency b. commodity money c. representative money d. fiat money

Economics