Correct it gives the government too much control over

Correct!
it gives the government too much control over the value of money
Correct! Hazlitt writes, "True, inflation may sometimes correct [the
maladjustments that caused a depression]; but it is a heady and
dangerous method. It makes its corrections not openly and
honestly but by the use of illusion. It is like getting people up an
hour earlier only by making them believe that it is eight o'clock
when it is really seven."
10 / 10 pts
Question 9
Hazlitt writes that inflation "is a tax not only on every individual's
expenditures" but also on every individual's __________________.
savings account and life insurance
Correct!
Correct!
stock and bonds
wage and salary
house and automobile

10/14/2020 9.10.T - Lesson: Inflation, Parts 1 & 2 Review: Economics | Mrs. Merriam | 2020-21 | TR
Correct! Hazlitt writes, "[Inflation] is a tax not only on every
individual's expenditures, but on his savings account and life
insurance. It is, in fact, a flat capital levy, without exemptions, in
which the poor man pays as high a percentage as the rich man."
8/8
helping consumers at the expense of producers
encouraging a reduction of the money supply
focusing on production instead of wages
Correct! Just because someone has more money doesn't
necessarily mean they have more wealth.
Quiz Score:
100
out of 100
10 / 10 pts
Question 10
Hazlitt writes, "The most obvious . . . error on which the appeal of inflation
rests" is _________________.
Correct!
Correct!