When a nation's inflation rate is low, prices tend to
A. increase dramatically.
B. remain stable.
C. fluctuate daily.
D. reduce currency values
B. remain stable.
Economics
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According to this Application, after the financial crisis of 2008, Treasury Secretary Timothy Geithner and his staff made a proposal that major banks and financial institutions be subjected to
A) regulation by Congress. B) yearly audits. C) stress tests. D) none of the above.
Economics
Which of the following statements is TRUE?
A) A monopoly cannot set price and quantity such that the point lies above the demand curve. B) A monopoly can charge whatever it wants. C) Profit maximization occurs by setting price first. D) Both A and B.
Economics