An inflation rate that exceeds 50 percent per month is referred to as
A) hyperinflation. B) destructive deflation.
C) superflation. D) anticipated inflation.
A
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Which geographic coincidence affected gasoline prices the most during 2005?
A. A tsunami hit the one area in the world most responsible for producing U.S. gasoline, Indonesia. B. Two major hurricanes affected the refining intensive areas of New Orleans and Houston. C. An earthquake happened to hit the energy-sensitive areas in and around Iran. D. There were tornado related electrical outages in the industrial Midwest.
A decline in interest rates tends to expand the economy by depreciating the currency and raising net exports.
Answer the following statement true (T) or false (F)
If the long-run aggregate supply curve is vertical, fiscal policy will have no effect on the price level.
Answer the following statement true (T) or false (F)
Behavioral economists argue that asset price bubbles and other examples of herd behavior may be due to biases resulting from the law of small numbers
In particular, the investors may observe unusually ________ returns for some asset and use this limited information to ________ the probability that returns will be high in the future. A) low, over-estimate B) low, under-estimate C) high, over-estimate D) high, under-estimate