In the United States, _________________ has been set up to provide disability and retirement benefits to workers.

If actual inflation is lower than expected inflation,

A) there is a redistribution of wealth from borrowers to lenders. B) there is a redistribution of wealth from lenders to borrowers. C) there is no redistribution of wealth, but the total wealth in the economy increases. D) there is no redistribution of wealth, but the total wealth in the economy decreases.

Suppose that the exchange rate between British pounds and U.S. dollars is originally $2.50 per pound. If it then changes to $3 for 1 pound, imports of British goods into the U.S. tend to: a. rise

b. fall. c. stay the same. d. change in an indeterminate direction.