24. Which of the following groups benefit from an unanticipated rise in the inflation rate ? O. homeowners with foxed - rate mortgages O. elderly people living on fixed incomes O. creditors or lenders O. workers on contracts without escalator claines
24. Which of the following groups benefit from an unanticipated rise in the inflation rate ?
O. homeowners with foxed - rate mortgages
O. elderly people living on fixed incomes
O. creditors or lenders
O. workers on contracts without escalator claines
25. Suppose oil prices continue to rise , causing a supply shock . If the Fed increases interest rates , what would be the long run outcome ?
O. The economy returns to long run equilibrium at a lower output but higher
O. The economy returns to long run equilibrium at the original price level and output
O. The economy returns to full employment but at a higher price level
O. The economy returns to the original price level but at a lower output
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