Unanticipated inflation can result in:
A) a redistribution of income and wealth.
B) a increase in net exports.
C) an decrease in tax revenue.
D) a redistribution of income from debtors to creditors.
Correct Answer:
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Q16: Money functions as a unit of account,
Q17: According to the equation of exchange, M
Q18: The effects of inflation will be more
Q19: When money functions as a unit of
Q20: Supply-side policies are a powerful anti-inflationary tool.
Q22: Wage and price controls are an example
Q23: The U.S. government benefits from inflation because:
A)
Q24: A government established agency that controls the
Q25: If the economy suffers from inflation and
Q26: The largest component of M1 is:
A) demand
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