The U.S. government benefits from inflation because:
A) it is a debtor.
B) it is a creditor.
C) inflation causes its expenditures to increase.
D) revenues from personal taxes increase as inflation pushes people into higher income tax brackets.
Correct Answer:
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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.
Q21: Unanticipated inflation can result in:
A) a redistribution
Q22: Wage and price controls are an example
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
Q27: The M1 money supply consists of:
A) currency,
Q28: Which of the following is not a
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