Losers from inflation include:
a. savers and borrowers.
b. landlords and the government.
c. borrowers and the government.
d. those on a fixed income and borrowers.
e. those on a fixed income and savers.
e
Economics
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Once the federal funds rate is reduced to zero, conventional restrictive monetary policy is no longer an option
a. True b. False Indicate whether the statement is true or false
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The U.S. Postal Service has a monopoly on the delivery of first-class mail due to
a. economies of scale. b. a lack of initiative on the part of competing firms. c. legal barriers limiting entry. d. control over an essential resource.
Economics