Hyperinflation may stimulate significant increases in real output in an economy.
Answer the following statement true (T) or false (F)
False
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An automatic stabilizer: a. increases inflationary pressure during expansions
b. Increases the drop in disposable income during recessions and increases the jump in disposable income during expansions. c. reduces the drop in disposable income during recessions and reduces the jump in disposable income during expansions. d. increases tax revenue relative to government spending throughout the business cycle. e. decreases tax revenue relative to government spending throughout the business cycle.
A country that has a capital account deficit:
A. is a net buyer of assets. B. is importing more goods and services than it exports. C. is a net seller of assets. D. also has a current account deficit.
Which of the following characteristics is generally representative of developing countries relative to developed countries?
A. a greater availability of college education. B. a lower infant mortality rate C. a lower rate of illiteracy D. a smaller percentage of the labor force in urban areas
If the money supply is $900, velocity is 6, then in the equation of exchange, PQ is
A) $150. B) $1,500. C) $2,400. D) $3,600.