(Consider This) According to the Consider This box "Superstars," the high pay of superstars reflects:

When the actual inflation rate turns out to be greater than the expected inflation rate, who gains—the borrower or the lender—and who loses? Explain why

What will be an ideal response?

By 1916, there were 340,000 corporations in the U.S. The growth in the number of corporations was partly due to

a. increasing numbers of urban dwellers. b. the development of formal markets for stocks and bonds. c. the acceptance by most states of the doctrine of limited liability. d. mass production which led to lower per-unit costs for output. e. All of the above.