Which among the following is the primary cause of hyperinflation?
a. decreased government purchases
b. excessive money growth
c. high interest rates
d. high levels of taxation
b
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Figure 11-2
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Using the information in Figure 11-2, which point or points represents an inefficient allocation of resources?
A. A B. B C. A and D D. D
Which of the following would cause the IS curve to shift?
A) a change in the multiplier B) a change in business or consumer confidence C) an increase in autonomous tax revenue D) All of these would shift the IS curve.
The first successful application of continuous process manufacturing was in:
a. textile mills. b. automobile manufacturing. c. manufacturing of guns. d. grain milling.
Pollution is an example of a negative externality.
Answer the following statement true (T) or false (F)