Economics: Private and Public Choice
16th Edition
ISBN: 9781337642224
Author: James D. Gwartney; Richard L. Stroup; Russell S. Sobel
Publisher: Cengage Learning US
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Question
Chapter 13, Problem 9CQ
To determine
Identify the relevance of the statement.
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Students have asked these similar questions
What's wrong with this way of thinking? "When the government runs a budget deficit, it simply pays its bills by printing more money. As the newly printed money works its way through the economy, it waters down the value of paper money already in circulation. Thus, it takes more money to buy things. Budget deficits are the major cause of inflation."
One of the fiscal measures of dealing with inflation is:
a.
Implement a budget surplus
b.
Operate a budget deficit
c.
Increase the rate of interest
d.
Operate a balance budget
Describe the fiscal and monetary measures that are normally taken to curb inflation.
Chapter 13 Solutions
Economics: Private and Public Choice
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- The government is printing a lot of money due to the economic stimulus bills. Will this cause worrying levels of inflation?arrow_forwardWhat do you mean by inflation? What are the causes of inflation?arrow_forwarda) Why do some economists claim that we should not worry too much about inflation?arrow_forward
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