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- How does indexing wage contracts to inflation help workers?Given the federal budget deficit in recent years, some economists have argued mat by adjusting Social Security payments for inflation using me CPI, Social Security is warming recipients. What is their argument, and do you agree or disagree with it?17. Which of the following is used as a remedial measure during inflation in an economy? a.Decrease taxes and government spending b.Increase taxes and decrease government spending c.Decrease taxes and increase government spending d.Increase taxes and government spending
- 4.In 2020, interest rates were 9.2% and the rate of inflation was 11%. What was the realinterest rate in 2020? How would the purchasing power of your savings have changed overthe year?14. Which of these government actions is designed to lower inflation? E. hiring more government workers G. Increasing government loans H. selling government securities J. increasing government spending2. Why does the "quality/new goods bias" arise if the inflation rate is calculated based on a fixed basket of goods?
- 5. What is the real interest rate if Mr. Nasser took a loan of OMR 10000 and the nominal interest rate is 15%, the inflation rate is 10? a.2% b.3% c.5% d.6% 6. Which of the following defines a contractionary policy? a.Monetary and fiscal policy that speeds up the economy b.Monetary and fiscal policy that slows down the economy c.Unemployment and tax policy that speeds up the economy d.Exchange and wage policy that speeds up the economyFiscal Policy - Ask FRED The accompanying graph depicts the unemployment insurance benefits paid by the U.S. government. ALFREDil Personal current transfer receipts: Government social benefits t persons: Unemployment insurance Vintage: 2018-01-29 180 160 140 120 100 2 8 60 40 20 2005 2010 2015 1975 Source: U.S. Bureau of Economic Analysis b. What was the average amount spent on unemployment insurance in 2007, before the recession began? Enter your answer in billions of dollars billion How does the 2007 amount compare to the maximum ammount? The amount spent in January of 2010 is about 2007 levels.3. Identifying costs of inflationLarry manages a grocery store in a country experiencing a high rate of inflation. He is paid in cash twice per month. On payday, he immediately goes out and buys all the goods he will need over the next two weeks in order to prevent the money in his wallet from losing value. What he can't spend, he converts into a more stable foreign currency for a steep fee. This is an example of the of inflation.
- If an economy always has inflation of 10 percent peryear, which of the following costs of inflation will itNOT suffer?a. shoeleather costs from reduced holdings of moneyb. menu costs from more frequent price adjustmentc. distortions from the taxation of nominal capitalgainsd. arbitrary redistributions between debtors andcreditorsFiscal Policy- Ask FRED The accompanying graph depicts the unemplovment insurance benefits paid bv the U.S. government. ALFREDP Personal current transfer receipts: Government social benefits to persons: Unemployment insurance Vintage: 2018-01-29 180 160 140 120 100 60 40 20 2005 2010 2015 975 Source: U.S. Bureau of Economic Analysis a. What is the maximum monthly amount the government spent on unemployment insurance? Enter your answer in billions of dollars billionInflation a.What is inflation and how is it calculated? List and explain the two types of inflation b. Give two examples of who might be hurt by inflation and why. Give two examples of who might be helped by inflation and why. c. Inflation and how to use Fiscal Policy to address the problem of Inflation.