Inflation leads to:
a. higher menu costs
b. an increase in the propensities to consume.
c. an increase in the potential gross domestic product.
d. an increase in the effectiveness of monetary policy.
c
Economics
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Monetarists have maintained the Classical tradition by emphasizing the
A) importance of government's fine-tuning policies. B) inflationary impact of government spending. C) instability of money demand. D) inherent stability of the economy.
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The price of leisure
A) is the same for everyone. B) depends on the number of hours worked. C) is measured as foregone earnings. D) is immeasurable.
Economics