Hyperinflation can be explained by
a. the market for loanable funds.
b. the quantity theory of money.
c. the velocity theory of money.
d. the market for federal funds.
b
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Starting from long-run equilibrium, a decrease in autonomous investment results in ________ output in the short run and ________ output in the long run.
A. lower; potential B. higher; higher C. higher; potential D. lower; higher
Which of the following will result in a decrease in a consumer's purchasing power?
A) A decrease in the consumer's income B) An increase in the price of the good on the vertical axis C) An increase in the price of the good on the horizontal axis D) all of the above
Which of the following would cause an economy to produce at a point inside its production possibilities curve?
A) the efficient allocation of all factors of production B) population growth C) unemployment and an inefficient use of available resources D) capital accumulation
The given schedule indicates that if the real interest rate is 8 percent, then:
Answer the question on the basis of the following table:
A. we cannot tell what volume of investment will be profitable.
B. $30 billion will be both saved and invested.
C. $30 billion of investment will be undertaken.
D. $60 billion of investment will be undertaken.