Which of the following is FALSE?
A. wage indexation is widespread in the U.S.
B. the economy will adjust to supply shocks more easily if there is widespread wage indexation
C. the holder of an indexed government bond will lose if an increase in inflation is unanticipated
D. the government loses real tax revenue if there is an unanticipated increase in the inflation rate
E. all of the above
查看答案
Why are governments so reluctant to adopt widespread wage indexation?
A. it will make it more difficult to adjust to an adverse supply shock
B. widespread wage indexation is very complicated in practice
C. it may result in less political will to fight high inflation
D. all of the above
E. only A) and C)
What interest rate should a banker charge for a loan if she expects that the inflation rate will average about 2.4% over the length of the loan, but wants she a 3% real rate of return?
A. 0.072
B. 0.054
C. 0.03
D. 0.024
E. 0.006
Which of the following is TRUE?
A. the costs of unemployment on output are more apparent than the cost of inflation on output
B. the costs of inflation on output are more apparent than the cost of unemployment on output
C. the costs of inflation on output can be measured by Okun's law
D. unanticipated inflation only imposes a cost on currency holders
E. there are no costs to society from anticipated inflation
When inflation rises unexpectedly, it is generally the case that
A. nominal interest rates and real interest rates will both rise at the same rate
B. nominal interest rates will rise while real interest rates will decline
C. real interest rates will rise while nominal interest rates will decline
D. all nominal wages will immediately be adjusted upwards
E. real wages will have to be adjusted upwards
微信支付 
支付宝支付