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★ѕραndavir ★ѕραndavir
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Suppose the private sector wishes to hold a constant level of real high-powered money. This means that with an ongoing inflation of p percent, each year the government treasury can obtain goods from the private sector in exchange for ________ p times the existing high-powered money, a government revenue source called ________.
A) creating, seignorage
B) creating, transfer payments
C) collecting, seignorage
D) collecting, transfer payments
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Macroeconomics

Macroeconomics


Edition: 12th
Author:
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supersuinegsupersuineg
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5 years ago
A good answer to a tough question
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