Why is inflation considered a problem?
a. Firms gain too much economic power.
b. It is always very high when it exists.
c. People prefer falling prices.
d. It is costly for society.
e. Government gains too much economic power..
D
Economics
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In a Dutch auction, the starting bid is ________
A) far above any bidder's value for the good being auctioned B) far below any bidder's value for the good being auctioned C) far below the market price of the good D) equal to the market price of the good
Economics
If monetary equilibrium were to occur
A) inflation would not occur. B) deflation would not occur. C) the price level would be stable. D) all of the above would be true. E) none of the above would be true.
Economics