Which of the following is a danger of inflation?
a. Price changes can affect the people who sign long-term contracts.
b. Rapid price changes reduce uncertainty.
c. Anticipated inflation may be greater than unanticipated inflation.
d. High rates of inflation will reduce interest rates.
A
Economics
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Explain how changes in wealth, the price level, interest rates, and expectations alter the consumption curve.
What will be an ideal response?
Economics
Refer to Figure 17.4. A long-run increase in productive capacity for the economy can be illustrated by a move from point
A. E to point A. B. A to point B. C. A to point C. D. C to point D.
Economics