The source of hyperinflations is primarily
a. lower output growth.
b. continuing declines in velocity.
c. increases in money-supply growth.
d. continuing increases in money demand.
c
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Do firms in a perfectly contestable market earn positive economic profit in the long run? Explain
What will be an ideal response?
A perfectly competitive firm may earn economic profits in
a. only the short run. b. only the long run. c. the short run and the long run. d. neither the short run nor the long run.
Suppose in the country of Nash that the price of corn is $4 per bushel with no trade allowed. If the world price of corn is $3 per bushel and if Nash allows free trade, will Nash be an importer or an exporter of corn?
Children of female householders are ________ times more likely to live in poverty than are other children
a. three b. four c. five d. six