Multiple Choice
A COLA is
A) A mortgage that adjusts the nominal interest rate to changing rates of inflation.
B) A price index that refers to all goods and services included in GDP.
C) An automatic adjustment of nominal income to the rate of inflation.
D) An inflation rate of at least 200 percent,lasting more than one year.
Correct Answer:
Verified
Correct Answer:
Verified
Q5: Inflation means<br>A)Specific prices are rising,and relative prices
Q6: The percentage of total expenditure spent on
Q7: Deflation is a/an _ in the average
Q8: If your nominal income remains constant at
Q9: The Producer Price Index (PPI)is the best
Q11: Which of the following reflects changes in
Q12: According to the text,which group of assets
Q13: The term "nominal income" refers to<br>A)Money income
Q14: A sudden increase in inflation,ceteris paribus,<br>A)Raises the
Q15: The uncertainty that results from inflation causes