Which of the following statements is FALSE?
A) Inflation can penalize persons wishing to acquire assets, such as homes.
B) Persons who loan money to others benefit if the inflation rate is greater than the interest rate on the loan.
C) Persons whose incomes are adjusted through COLAs have an easier time keeping up with price increases than persons living on fixed incomes.
D) To maintain the same purchasing power during inflation, money income must rise to compensate for price increases and increases in taxes and Social Security contributions.
Correct Answer:
Verified
Q87: Generally, you would expect inflation to hurt:
A)
Q88: Inflation is undesirable because it leads to:
A)
Q89: Which is NOT a direct consequence of
Q90: Inflation:
A) hurts all groups in society equally.
B)
Q91: Which of the following statements is true?
A)
Q93: Demand-pull inflation:
A) comes from the buyers' side
Q94: Demand-pull inflation occurs when:
A) taxes are increasing.
B)
Q95: Which of the following statements about demand-pull
Q96: Demand-pull inflation:
A) tends to get worse as
Q97: Upward pressure on prices coming from the
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