If we look back at inflation data since 1300, we see that
A) during the 20th century we have finally solved the problem of high inflation.
B) the Industrial Revolution caused the highest inflation rates.
C) the discovery of America caused prices to fall drastically.
D) inflation has been highest in the 20th and 21st centuries.
E) the most rapid inflation occurred prior to 1600.
D
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If a firm anticipates that it is at a risk of being held up, it is more likely to
a. forgo the transaction completely b. merge with its trading partner c. exchange "hostages" d. All the above
Which of the following is not an example of a public good that the government has made excludable?
A. Toll roads. B. City buses. C. State colleges. D. Fire Protection.
The early Phillips curve showed a trade-off between unemployment and inflation because it was drawn for a period in which the main source of instability was aggregate demand
a. True b. False Indicate whether the statement is true or false
When an employer pays the cost of educating a worker, it is likely that the employer
a. is demonstrating altruistic motives. b. is pursuing some objective other than profit-maximization. c. hopes to recapture its investment in the form of increased labor productivity. d. receives reimbursement from the government for the cost of the education.