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    Macroeconomics Study Set 12
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    Exam 10: The Goals of Stabilization Policy: Low Inflation and Low Unemployment
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    It Is Estimated That a 10 Percent Inflation in the United
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It Is Estimated That a 10 Percent Inflation in the United

Question 63

Question 63

Multiple Choice

It is estimated that a 10 percent inflation in the United States would bear a shoe-leather cost of approximately ________ percent of GDP.


A) 15
B) 6
C) 2
D) 0.25

Correct Answer:

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