Economists believe that countries recently suffering hyperinflation have experienced
A) reduced growth.
B) increased growth.
C) reduced prices.
D) lower interest rates.
A
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Suppose the nominal interest rate is 1% and the rate of inflation is 3%. The real interest rate is therefore
A) -2%. B) 2%. C) 4%. D) 5%.
Explain the strategy of product differentiation?
What will be an ideal response?
In response to an unanticipated tightening of monetary policy, the Fed funds rate ________ at first, then ________ after 6 to 12 months
A) rises; returns most of the way to its original value B) falls; returns most of the way to its original value C) remains roughly unchanged; rises significantly D) remains roughly unchanged; falls significantly
According to the law of supply:
a. there is an inverse relationship between price and quantity demanded. b. there is a direct relationship between price and quantity demanded c. there is an inverse relationship between price and the quantity supplied. d. there is a direct relationship between price and the quantity supplied.