Multiple Choice
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:
Verified
Correct Answer:
Verified
Related Questions
Q34: Because government is a huge debtor, it
Q35: If you wish to measure price changes
Q36: A high and variable rate of inflation
Q37: When money functions as a unit of
Q38: The rate of inflation increases. The government
Q40: Who is most likely to lose as
Q41: Incomes policy attempts to control inflation by:<br>A)
Q42: In which of the following examples is
Q43: M1 includes currency, travelers' checks, demand deposits,
Q44: The M1 money supply consists of:<br>A) currency,