An Economist Would Be More Likely to Argue for Reducing

question 43

Multiple Choice

An economist would be more likely to argue for reducing inflation if she thought that

• A)the central bank lacked credibility and if bonds were usually not indexed for inflation.
• B)the central bank lacked credibility and if bonds were usually indexed for inflation.
• C)the central bank had credibility and if bonds were usually not indexed for inflation.
• D)the central bank had credibility and if bonds were usually indexed for inflation.

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Definitions:

Stockbroker

A professional who buys and sells stocks and other securities through market exchanges on behalf of investors, typically in exchange for a fee or commission.

Service

Activities or processes that provide value to customers or beneficiaries, often intangible, and aimed at meeting their needs or solving problems.

Service Technology

Technologies and systems designed to improve and support the delivery, management, and quality of services.

Passenger

An individual who travels in a vehicle, such as a car, bus, train, or airplane, typically without participating in its operation.