According to this Application, one strategy proposed to deal with the rising expenses of government entitlement programs is for the government to save and invest now so as to reduce the burden on future generations. This strategy would
A) not change GDP, but shrink entitlement programs.
B) increase GDP and eliminate entitlement programs.
C) increase GDP, and entitlement programs would increase along with GDP.
D) increase GDP and entitlement programs would decrease.
C
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To find the cost of the CPI market basket in the current period we have to multiply the
A) quantities in the CPI market basket by the base period prices. B) quantities in the CPI market basket by the current period prices. C) current period quantities in the CPI market basket by the base period prices. D) current period quantities in the CPI market basket by the current period prices. E) quantities in the CPI market basket by the base period prices and then multiply by 100.
Among the losers from inflation are
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