Hyperinflation can be defined as an inflation rate of
A) 50% or more per month.
B) 50% or more per year.
C) 50% or more decade.
D) All of the above are appropriately defined as hyperinflation.
A
You might also like to view...
The contribution of an additional worker to a firm's ____, is the worker's contribution to revenue minus the worker's ____
a. profits; wage b. output; wage c. profits; marginal productivity d. output; marginal productivity
The principle of diminishing marginal utility can potentially be used to support policies that redistribute income. This principle suggests that increases in income for an individual will generate less additional happiness the higher the level of income
a. True b. False Indicate whether the statement is true or false
A country or region has a comparative advantage when it can produce a good or service ______.
a. at a lower opportunity cost than others b. at a faster pace than others c. using fewer resources than others d. that is of higher quality than others
If the percentage change in price is 2 and the percentage change in quantity supplied is 10, supply is:
A. unaffected by price changes. B. inelastic. C. unit elastic. D. elastic.