Very high inflation can arise when huge budget deficits are financed by the government printing its domestic currency. Which country experienced inflation of several million percent in 2008 as a result of this problem?
a. Myanmar
b. Ukraine
c. Zimbabwe
d. Belarus
c. Zimbabwe
Economics
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Under the cartel, the price is 
Figure 42.2
A. P1. B. P2. C. P3. D. 0.
Economics
If the government begins to run a larger budget deficits, then assuming there is no Ricardo-Barro effect, the demand for loanable funds ________ and the real interest rate ________
A) decreases; falls B) decreases; rises C) increases; rises D) increases; falls
Economics
When each person specializes in producing the good in which he or she has a comparative advantage, total production in the economy
a. falls. b. stays the same. c. rises. d. may fall, rise, or stay the same.
Economics
The price elasticity of demand for food is
A. Perfectly inelastic. B. Perfectly elastic. C. Relatively inelastic. D. Relatively elastic.
Economics