Which of the following is correct?
a. Inflation impedes financial markets in their role of allocating savings to alternative investments.
b. Inflation encourages savings through the tax treatment on capital gains.
c. Inflation encourages larger holdings of currency by the public.
d. Inflation reduces people's real purchasing power.
a
Economics
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The phenomenon which occurs when markets do not produce the most efficient outcome on their own is known as
A) market failure. B) imperfect information. C) economic certainty. D) public goods.
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What effect, if any, will a good college education have on your human capital? Explain your answer
What will be an ideal response?
Economics