Question: I really need help can you please help me understand these questions? 1. The higher the rate of inflation, the lower the redistribution effect of
I really need help can you please help me understand these questions? 1. The higher the rate of inflation, the lower the redistribution effect of inflation. Select one: True False 6. Inflation may cause: Select one: a.a misallocation of resources b.a redistribution of income c.a reduction in work effort d.all of the above 8. In 2017, the CPI was 130.4. in 2018, it was 133.4. What was the rate of inflation for 1990. Select one: a.2.2% b.3% c.2.6% d.2.3% 21. Inflation may cause Select one: a.a redistribution of income. b.frictional unemployment. c.wage and price flexibility. d.None of the above. 25. In the circular flow model of the economy, the flow from the government to households may represent Select one: a.payments for goods and services. b.interest. c.taxes. d.labour services. 26. To assess the severity of a recession, some economists prefer to use the Select one: a.number of underemployed workers. b.average duration of unemployment. c.output gap. d.All of the above
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