In what circumstances would lenders most benefit?
A. When there is an anticipated decrease in inflation.
B. When there is an unanticipated increase in inflation.
C. When there is an anticipated increase in inflation.
D. When there is an unanticipated decrease in inflation.
Answer: D
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The economic point of view assumes central bankers, bureaucrats, elected politicians, and tax collectors
A) are immoral. B) act selfishly. C) respond to incentives. D) act in the national interest.
Which of the following would slow down productivity growth?
a. A change in the composition of the workforce so that more middle-aged people and fewer young people are working b. A change in the composition of the workforce so that organizations hire more men who work steadily throughout the year than men who frequently enter and leave the workforce c. The quality of education remaining unchanged d. People starting to invest more in capital goods e. Firms starting to cut down the size of their labor force