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.        If actual inflation is more than expected inflation, which of the following groups will most certainly benefit? a. Lenders b. Borrowers c. Minorities d. Women e. Men   b.         Suppose that the consumer price index of a country was 160 at year-end 2004 and 168 at the end of 2005. What was the country’s inflation rate during 2005? a.5 percent b.8 percent c.60 percent d.68 percent   c.        If the consumer price index (CPI) at the end of year one was 100 and was 108 at the end of year two, the inflation rate during year two was

.        If actual inflation is more than expected inflation, which of the following groups will most certainly benefit? a. Lenders b. Borrowers c. Minorities d. Women e. Men   b.         Suppose that the consumer price index of a country was 160 at year-end 2004 and 168 at the end of 2005. What was the country’s inflation rate during 2005? a.5 percent b.8 percent c.60 percent d.68 percent   c.        If the consumer price index (CPI) at the end of year one was 100 and was 108 at the end of year two, the inflation rate during year two was

Essentials of Economics (MindTap Course List)
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter22: Money Growth And Inflation
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2)

a.        If actual inflation is more than expected inflation, which of the following groups will most certainly benefit?

a. Lenders

b. Borrowers

c. Minorities

d. Women

e. Men

 

b.         Suppose that the consumer price index of a country was 160 at year-end 2004 and 168 at the end of 2005. What was the country’s inflation rate during 2005?

a.5 percent

b.8 percent

c.60 percent

d.68 percent

 

c.        If the consumer price index (CPI) at the end of year one was 100 and was 108 at the end of year two, the inflation rate during year two was

a.zero; the CPI of 100 indicates that prices were stable.

b.8 percent.

c.5 percent.

d.108 percent.

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