Which of the following countries had double-digit inflation for most of the years from 2000 to 2010?
a. India
b. Iran
c. Italy
d. Iraq
b. Iran
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A bond that promises to pay $X in 10 years must be worth less than $X now.
Answer the following statement true (T) or false (F)
Assuming the central bank follows a money supply target, then an increase in the demand for money
a. will shift the position of the LM schedule away from the predicted level even if the target level of the money supply is achieved. b. will shift the position of the LM schedule toward the predicted level as long as the target level of the money supply is achieved. c. may or may not shift the position of the LM schedule away from the predicted level even if the target level of the money supply is achieved. d. None of the above
The marginal product of the fourth worker is
A) 150 units of output. B) 24 units of output. C) negative. D) 36 units of output.
According to economists who promote sticky-price theories
A) only fiscal policy is an effective stabilization policy. B) only monetary policy is an effective stabilization policy. C) both fiscal and monetary policy can be effective stabilization policies. D) neither fiscal nor monetary policy is an effective stabilization policy.