Inflation results in

A) ease of planning for the future.
B) ease of comparing prices over time.
C) lower nominal interest rates.
D) difficulty interpreting relative price movements.

D

Economics

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A loaf of bread purchased by one of your instructors would be best described as

A) an intermediate good. B) a financial asset. C) a used good. D) a final good.

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Refer to Figure 18-1. Of the tax revenue collected by the government, the portion borne by consumers is represented by the area

A) B + C + F + G. B) E + H. C) F + G. D) B + C.

Economics