During the German hyperinflation of the 1920s, workers would ______.
a. hold on to their pay for a long time to buy goods at lower prices later
b. hurriedly spend their pay to buy goods before prices increased
c. burn their pay so they could decrease the money supply
d. hide their pay because money was increasing in value so rapidly
b. hurriedly spend their pay to buy goods before prices increased
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All of the following are assumptions of the production possibilities curve EXCEPT
A) resources are fully employed. B) there is a fixed time period. C) there is a fixed level of technology. D) there is a fixed demand for the products.
Of the following examples, which would most likely be performed by an economist working for American Airlines?
A) using economic models to analyze unemployment and inflation rates in Australia B) assessing whether automobile injuries are directly related to speed limits C) analyzing data related to passenger air traffic in China D) forecasting the demand for U.S.-produced organic produce over the next 15 years
Which of the following statements is true?
A) There will be no change in unemployment if there is a leftward shift in the labor demand curve and there is wage rigidity, everything else remaining unchanged. B) Unemployment will be higher if there is a leftward shift in the labor demand curve and there is no wage rigidity, everything else remaining unchanged. C) Unemployment will be higher if there is a leftward shift in the labor demand curve and there is downward wage rigidity in the labor market, everything else remaining unchanged. D) There will be an increase in unemployment if there is a leftward shift in the labor demand curve and there is no wage rigidity, everything else remaining unchanged.
The stimulation of a large economy aimed at increasing growth in the rest of the world is commonly known as
A) pass-through effect. B) locomotive effect C) investment effect. D) domino effect.