Printing of paper money by the Confederate government led to
a. an immediate hyperinflation that lasted for the entire period of the War.
b. a short-term hyperinflation that lasted for only the first year of the War.c hyperinflation in the final months of the War.d sporadic episodes of hyperinflation that emerged throughout the War.
c hyperinflation in the final months of the War.
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A likely consequence of debt default is: a. a decrease in the federal cost of borrowing
b. an increase in unemployment due to growing uncertainty. c. a sudden decline in the market interest rates. d. an increase in the credit flows in an economy. e. a sudden increase in the investment flows in the economy.
Explain why a monopsonist's marginal labor cost curve must lie above its labor supply curve
Lemon laws that allow consumers to return low-quality used cars are designed to help solve the problem of ________ in used car markets.
A. moral hazard B. thick markets C. experience ratings D. adverse selection
Refer to the diagram, which shows demand and supply conditions in the competitive market for product X. A shift in the demand curve from D 0 to D 1 might be caused by a(n):
A. decrease in income if X is an inferior good.
B. increase in the price of complementary good Y.
C. increase in money incomes if X is a normal good.
D. increase in the price of substitute product Y.