Hyperinflation is:

A. an extremely low rate of inflation.
B. frequently experienced in the United States.
C. an extremely high rate of inflation.
D. very erratic inflation.


Answer: C

Economics

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Revenue equivalence ________ hold when the item being auctioned has independent private values and ________ hold when the item being auctioned has a common value.

A) does not; does not B) does; does not C) does; does D) does not; does

Economics

Which of the following is true about government activity in the United States?

a. Macroeconomic policy is handled mainly at the state level. b. Higher education is handled mainly at the national level. c. Primary and secondary education is handled mainly at the local level. d. Primary and secondary education is handled mainly at the national level. e. Police and fire protection are handled mainly at the state level.

Economics

Over the last 40 years, the gap between the rich and the poor in the United States has been increasing. Economists have justified this outcome by noting that

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Economics