《Sec 30.2 MC The Costs of Inflation》由会员上传分享，免费在线阅读，更多相关内容在学术论文-天天文库。
1、1. Inthe1970s,theU.S.inflationratereachedabout a. 7percentperyear. b. 10percentperyear. c. 14percentperyear. d. 20percentperyear.ANSWER: bDIFFICULTY: EasyREFERENCES: TheCostsofInflationLEARNING OBJECTIVES: ECON.MANK.010-Analyzetherelationshipbetweenmoneygrowthandinflati
2、on.TOPICS: PricelevelsInflationKEYWORDS: BLOOM'S:KnowledgeCUSTOM ID: 001.30.2-MC-MANK082. StudieshavefoundwhichofthefollowingeconomictermsmentionedmostofteninU.S.newspapers? a. Unemployment b. Productivity c. Inflation d. MonetarypolicyANSWER: cDIFFICULTY: ModerateREFE
4、a. theinflationtax. b. menucosts. c. theinflationfallacy. d. shoeleathercosts.ANSWER: cDIFFICULTY: EasyREFERENCES: TheCostsofInflationLEARNING OBJECTIVES: ECON.MANK.010-Analyzetherelationshipbetweenmoneygrowthandinflation.TOPICS: PricelevelsInflationcostsKEYWORDS: BLO
5、OM'S:KnowledgeCUSTOM ID: 003.30.2-MC-MANK084. Whichofthefollowinghelpstoexplainwhytheinflationfallacyisafallacy? a. Increasesinthepricelevelcanbecreatedbyincreasesinmoneydemand. b. Nominalincomestendtoriseatthesametimethatthepricelevelisrising. c. Asthepricelevelrises,thev
6、alueofadollarfalls.CopyrightCengageLearning.PoweredbyCognero.Page 32 d. Inflationonlychangesnominalvariables.ANSWER: bDIFFICULTY: EasyREFERENCES: TheCostsofInflationLEARNING OBJECTIVES: ECON.MANK.010-Analyzetherelationshipbetweenmoneygrowthandinflation.TOPICS: Pricelev
7、elsInflationcostsKEYWORDS: BLOOM'S:KnowledgeCUSTOM ID: 004.30.2-MC-MANK085. Whichofthefollowingstatementsaboutinflationiscorrect? a. Evidencefromstudiesindicatesthat,inU.S.newspapers,inflationismentionedlessfrequentlythanothereconomicterms,suchasunemploymentandproductivit
8、y. b. Peoplebelievetheinflationfallacybecausetheytendtobelievetoostronglyintheprin
