Inflation frees policy makers from:
A) the 2.5 percent interest rate lower bound.
B) the 2.5 percent growth rate bound.
C) the zero interest rate lower bound.
D) the zero interest rate upper bound.
Correct Answer:
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Q17: Inflation has both benefits and costs.
Q18: One way to measure asset inflation is
Q19: Asset inflation has a danger of:
A)obscuring goods
Q20: Economists who accept the quantity theory of
Q21: Suppose you sell surfboards for a living,
Q23: Asset deflation generally:
A)is more harmful than the
Q24: Before the financial crisis of 2008:
A)the 2.5
Q25: Policy makers:
A)like inflation because it allows individuals
Q26: Inflation:
A)has only costs.
B)has both benefits and costs.
C)just
Q27: Over the last 20 years, the United
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