If there are no restrictions on contracts, and if all parties in the economy accurately predict the rate of inflation over the next year, then
a. there will be no redistribution of purchasing power
b. purchasing power will be redistributed from wage earners to business owners
c. purchasing power will be redistributed from business owners to wage earners
d. purchasing power will be redistributed from lenders to borrowers
e. purchasing power will be redistributed from borrowers to lenders
A
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A) rightward shift in the labor demand curve B) downward movement along the labor demand curve C) upward movement along the labor demand curve D) leftward shift in the labor demand curve
Of the following assets, the least liquid is
A) stocks. B) traveler's checks. C) checking deposits. D) a house.