Unanticipated inflation tends to penalize:
A. People who save money in financial institutions
B. Individuals who borrow money from financial institutions
C. Businesses which borrow money from financial institutions
D. Governments which have a progressive personal income tax
A. People who save money in financial institutions
Economics
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The contention that tariffs should be imposed to protect from import competition an industry that is trying to get started is
A) a basic argument for free trade. B) the infant industry argument. C) dumping. D) a voluntary restraint agreement.
Economics
A person received 4% nominal interest. The inflation rate was -2% and the tax rate was 25%. This person received an after-tax real interest rate of 5%
a. True b. False Indicate whether the statement is true or false
Economics