Hyperinflation typically ________
A) describes periods of extreme price increases of over 50% per month or 1,000% per year
B) is a result of extreme periods of money growth that tend to come from large fiscal imbalances
C) affects both poor and developed economies
D) all of the above
E) none of the above
D
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High-wage workers are
a. more likely than low-wage workers to supply more labor when the wage rate rises. b. about as likely as low-wage workers to supply more labor when the wage rate rises. c. less likely than low-wage workers to supply more labor when the wage rate rises. d. The available evidence does not indicate how high-wage workers and low-wage workers differ in responding to changes in the wage rate.
Which of the following statements is true?
A. The average farm has gone from 500 acres in the 19th century to 100 acres today. B. The Freedom to Farm Act of 1996 ended government payments to farmers. C. Despite hundreds of billions of dollars on farm price-support payments since World War II, the family farm is vanishing. D. About 20 million people live on farms today.
When commercial banks extend loans, they are able to expand the supply of money in the United States because the U.S. has
What will be an ideal response?
In the long run, imports are paid for by
A. gold or other universally accepted monies. B. investment. C. dollars. D. exports.