Given a fixed nominal interest rate on a loan, unanticipated inflation:
a. decreases the burden of paying off the loan.
b. increases the burden of paying off the loan.
c. does not alter the burden of paying off the loan.
d. benefits savers.
a
Economics
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As more of a good is consumed, marginal benefit ________ and as more of a good is produced, marginal cost ________
A) increases; increases B) increases; decreases C) decreases; increases D) decreases; decreases E) does not change; does not change
Economics
During the international crises of 1837 and 1857,
(a) the U.S. and England were connected financially. (b) the British were pursuing heavy internal improvements. (c) the U.S. was in the midst of heavy industrial expansion. (d) all of the above were true.
Economics