The inflation tax is
A) a tax on nominal goods.
B) the sales tax.
C) a tax introduced in the early 1980s to fight inflation.
D) the revenue from seigniorage.
E) the revenue from open market purchases.
Correct Answer:
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Q45: Unpredictable shocks to the financial system
A) reduce
Q46: The marginal cost of financial transactions rises
Q47: In the monetary intertemporal model, changing M
A)
Q48: Money supply targeting
A) performs poorly.
B) is used
Q49: The zero lower bound is
A) the constraint
Q51: At the zero lower bound
A) monetary policy
Q52: To increase the nominal money supply, the
Q53: Debit cards and online banking has
A) lowered
Q54: If an increase in the level of
Q55: The nominal interest rate cannot fall below
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