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23) Which of the following is true about inflation? A) Those who lend money at a...

23) Which of the following is true about inflation? A) Those who lend money at a rate above the rate of inflation suffer economic losses. B) Inflation affects all household equally even if it is anticipated. C) Accurate anticipation of inflation is possible for everyone who is well informed about economic events. D) An unanticipated rise in the price level erodes the real purchasing power of money.

24) Let X = portable computers and Y = desktop computers. If the price of Y _______, we expect that there will be a(n)_______ in ______ of X, respectively.

A) increase; increase; demand B) increase; increase; supply C) increase; decrease; quantity demanded D) decrease; decrease; demand

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