The only solution available to a country experiencing extremely high rates of inflation is to:
A. revert to a gold standard.
B. raise interest rates.
C. peg your currency to another country's currency.
D. reduce money growth.
Answer: D
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When an economy experiences a one-time increase in productivity, there is an immediate increase in ________
A) the saving rate B) the capital-labor ratio C) the depreciation rate D) consumption per worker
Accounting that relates how growth in inputs of production are related to growth in output is called:
A. input to output accounting. B. national income accounting. C. production accounting. D. growth accounting.
An individual firm in perfect competition can exercise a significant control over the market price of the good
a. True b. False Indicate whether the statement is true or false
U.S. prices rose at an average annual rate of about 3.6 percent over the last 80 years
a. True b. False Indicate whether the statement is true or false