Which of the following is not a cost of inflation identified by economists?
a. menu costs associated with more frequent adjustment of prices
b. confusion and inconvenience resulting from a changing value of the unit of account
c. reduced price flexibility
d. arbitrary redistributions of wealth associated with dollar-denominated debts
c
Economics
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Aggregate demand refers to the relationship between
A) the price level and the quantity of real GDP supplied. B) prices and the quantity of a good supplied. C) the price level and the quantity of real GDP demanded. D) prices and the quantity of a good demanded.
Economics
____________ laws set a ceiling on interest rates.
Fill in the blank(s) with the appropriate word(s).
Economics