During the early 1920s in Germany, prices
a. doubled annually.
b. doubled monthly.
c. tripled monthly.
d. tripled annually.
c
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After a tariff is imposed on a good, the price of the good
A) does not change. B) falls. C) rises. D) rises only if the domestic demand for the good does not change. E) might rise, fall, or not change depending on whether the government did or did not simultaneously impose a quota.
Answer the following statements true (T) or false (F)
1) As a manager, one of your responsibilities is to avoid tacit collusion. 2) If a firm receives treble damages, they are being paid a monetary reward for reporting cartel activity. 3) All else equal, it is more profitable to produce a differentiated product rather than an identical product made by a rival firm. 4) As a manager of a firm that produces an identical product as your rival, it is economically profitable to compete on price. 5) As a manager in an oligopolistic market, it is critical to take into consideration your rivals' best responses to your decisions.
Whatever functions as money must be _____
a. authorized by the government b. accepted as deposit by banks c. backed by precious metals like gold or silver d. completely indestructible e. limited in supply
Which of the following are equivalent terms?
a. The absence of structural unemployment and the absence of cyclical unemployment b. Normal employment and the absence of structural unemployment c. Full employment and the absence of cyclical unemployment d. Normal employment and the absence of frictional unemployment e. Null employment and the absence of frictional unemployment.