Multiple Choice
Which of the following is least likely to be hurt by unanticipated inflation?
A) a disabled labourer who is living off accumulated savings
B) an owner of a small business with high debts
C) a secretary
D) a retired steelworker with a partially indexed pension
E) an unskilled worker who makes an unindexed wage
Correct Answer:
Verified
Correct Answer:
Verified
Q3: If the consumer price index rises from
Q4: According to David Foot's demographic analysis,the second
Q5: Official unemployment statistics:<br>A)may understate unemployment, because individuals
Q6: To be officially unemployed,a person must:<br>A)be in
Q7: At the economy's natural rate of unemployment:<br>A)the
Q9: Recently a labour union argued that the
Q10: Suppose that nominal GDP in 2006 was
Q11: Unanticipated inflation:<br>A)reduces the real burden of the
Q12: If real GDP in a particular year
Q13: A lender need not be penalized by