When prices rise
a. the rich benefit at the expense of the poor.
b. the poor benefit at the expense of the rich.
c. both the rich and poor lose real income.
d. the effect in the rich and poor is uncertain.
d
Economics
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The income distribution is a more accurate measure of economic inequality than the wealth distribution because income excludes human capital
Indicate whether the statement is true or false
Economics
Because of automatic stabilizers, in recessions the government budget deficit ________, while in expansions the deficit ________
A) falls; rises B) falls; falls C) rises; falls D) rises; rises
Economics