Inflation at a rate that exceeds 50 percent per month is called
A) megainflation.
B) hyperinflation.
C) super inflation.
D) extreme inflation.
E) skyflation.
B
You might also like to view...
Refer to Scenario 12.1. What is the probability of both Simon and Paula trying to rescue the man?
A) 9% B) 21% C) 49% D) 70%
The entire national debt is owed to U.S. citizens
a. True b. False Indicate whether the statement is true or false
The equilibrium interest rate is determined by the
a. quantity of capital on the market b. supply and demand for loanable funds c. marginal revenue product of capital d. marginal factor cost of capital e. willingness of suppliers of capital to convert that supply into loanable funds
A fixed exchange rate is an exchange rate whose value:
A. reflects the comparative advantage of the home country versus other foreign countries. B. is established annually by the International Monetary Fund. C. varies according to supply and demand for the currency in the foreign exchange market. D. is set by official government policy.