Which of the following explains why redistribution occurs during inflation?
A) Rising prices fail to signal desirable changes in the mix of output.
B) Because all prices do not change at the same rate,people buy different combinations of goods and services and own different combinations of wealth.
C) Relative prices remain unchanged.
D) All loans are indexed to inflation.
Correct Answer:
Verified
Q11: Which of the following results from unexpected
Q12: Q13: When there is no deflation or inflation, Q14: Use the following figure to answer the Q15: Which of the following functions are performed Q17: If the price of iPods rises 10 Q18: Use the following figure to answer the Q19: The amount of money income received in Q20: Inflation rates above 10 percent rarely occur Q21: A friend tells you that his income
A)Prices
A)In
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