Multiple Choice
Which of the following statements is true?
A) Banks holding long-term, fixed-rate mortgages carrying low interest rates are penalized by high rates of inflation.
B) People saving for the future benefit when the inflation rate is greater than the interest rate they receive on their savings.
C) Borrowers paying back past loans are penalized if the inflation rate is greater than the interest rate they are paying on their loans.
D) All of the above.
Correct Answer:
Verified
Correct Answer:
Verified
Q207: A price index that compares prices in
Q208: A good cost $40 in the base
Q209: In the Employment Act of 1946, the
Q210: The labor force consists of all persons:<br>A)
Q211: If the nominal or stated rate of
Q213: If this year's price index number for
Q214: Why does demand-pull inflation tend to be
Q215: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB9874/.jpg" alt=" -Money GDP and
Q216: The unemployment rate is highest among:<br>A) males.<br>B)
Q217: For economic growth to occur, an economy