All of the following are macroeconomic effects of inflation except

A. Bracket creep.
B. Uncertainty.
C. Speculation.
D. Lower taxes.

Answer: D

Economics

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The economic principle of _________________ implies that the value of the subject property is determined by the price that market participants would pay to acquire a substitute property of similar utility and desirability,

Fill in the blank(s) with the appropriate word(s).

Economics

Fixing a payment schedule in an agreement:

a. allows the seller to easily access loanable funds. b. increases the uncertainty associated with the cost of production. c. allows the seller to charge a high price for his product. d. ensures the delivery of goods at a high price.

Economics