Inflation is primarily a problem
a) because even low inflation rates severely hamper GDP growth
b) for those who are heavily indebted
c) when it is volatile and thus unpredictable
d) because it is severely underestimated, especially when products are improving in quality
e) for accounting and record-keeping, but it does not affect the actual trading of goods and services
c) when it is volatile and thus unpredictable
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As a percentage of total expenditures, spending on highways has _____ since 1970 . Spending on interest payments has _____ over the same time span
a. increased; increased b. decreased; decreased c. increased; decreased d. decreased; increased
The profit-maximizing price and quantity of the monopolist compared to the perfectly competitive industry in the above figure are, respectively
A) A and B. B) A and C. C) A and F. D) C and F.