Hyperinflation is caused by
A) the money supply growing more slowly than GDP.
B) Real GDP growing more rapidly than the money supply.
C) a constant increase in the money supply.
D) a high rate of growth in the money supply.
D
You might also like to view...
Rita cooked a meal for her family which is worth $100 in the nearest eatery. What will be the impact of this activity on the calculation of GDP? Explain your answer
What will be an ideal response?
In the following question you are asked to determine, other things equal, the effects of a given change in a determinant of demand or supply for product X upon (1) the demand (D) for, or supply (S) of, X; (2) the equilibrium price (P) of X; and (3) the equilibrium quantity (Q) of X. If X is an inferior good, a decrease in income will:
A. increase S, decrease P, and increase Q. B. decrease D, decrease P, and increase Q. C. decrease D, decrease P, and decrease Q. D. increase D, increase P, and increase Q.
If the U.S. real exchange rate appreciates, U.S. exports
a. increase and U.S. imports decrease. b. decrease and U.S. imports increase. c. and U.S. imports both increase. d. and U.S. imports both decrease.
Exhibit 3 Demand and cost curves for GeneTech, a monopolist with a patented vaccine
In Exhibit 9-3, what is the maximum hourly profit that GeneTech can earn from its vaccine?
A. $1,500. B. $3,000. C. $4,500. D. $10,500.