A consequence of hyperinflation is that people
A) increase the quantity of money demanded.
B) receive higher real wage hikes, which increases their purchasing power for goods and services.
C) who make fixed-payment loans to others receive higher payments as inflation increases.
D) spend time trying to keep their money holdings near zero.
E) want to lend funds because interest rates are so high.
D
You might also like to view...
When a government records a budget surplus, the national savings and investment identity is written as _____.
a. S = I + (G - T) + (X - M) b. S + (M - X) + (T - G) = I c. S - (G - T) = I - (X - M) d. S + (T - G) = 1 + (X - M)
Although all points on the PPF are efficient, that alone does not tell us which point is "best" for the society
a. True b. False Indicate whether the statement is true or false
A price ceiling set above the equilibrium price causes a surplus in the market
a. True b. False Indicate whether the statement is true or false
An example of a barrier to entry is
A) product differentiation. B) high profits. C) occupational licensing. D) increasing marginal costs.