The larger the debt and the inflation rate, the less debt will be eliminated by inflation.
Answer the following statement true (T) or false (F)
False
A larger inflation rate reduces the value of the dollars the government uses to pay back the debt, so more debt will be eliminated.
Economics
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A positive income elasticity of demand for a good means: a. it is a substitute
b. it is a complement. c. it is a normal good. d. it is an inferior good.
Economics
The reason why socialists favor the nationalization of land is that:
A. Land is a scarce resource B. The rent received by landowners does not represent anything they produced C. There is a fixed total supply of land D. Land is not a productive resource
Economics