Which of the following does NOT contribute to the choice of a policy of hyperinflation?
A) war
B) increased price of energy paid to foreigners
C) price of export commodities increase
D) diminished ability to collect taxes
C
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If the required reserve ratio is a uniform 25 percent on all deposits, the money multiplier will be
When the market price is above equilibrium then ____ and when the market price is below equilibrium, then ____.
A. quantity demanded is greater than quantity supplied; quantity supplied is greater than quantity demanded. B. quantity supplied is greater than quantity demanded; quantity supplied is greater than quantity demanded. C. quantity supplied is greater than quantity demanded; quantity demanded is greater than quantity supplied D. the market is in equilibrium; the market is in equilibrium.
A country has national saving of $90 billion, government expenditures of $30 billion, domestic investment of $50 billion, and net capital outflow of $40 billion. What is its demand for loanable funds?
a. $40 billion b. $60 billion c. $90 billion d. $130 billion
Nobel Prize winning economist Joseph Stiglitz has argued that since its inception, the _______ has changed its philosophy from an organization that believed markets sometimes behaved badly to an organization that virtually worships free markets.
Fill in the blank(s) with the appropriate word(s).