After the First World War, Germany experienced an economic condition that can be best described as:
A. unanticipated inflation.
B. cost-push inflation.
C. hyperinflation.
D. anticipated inflation.
Answer: C
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The Robinson-Patman Act of 1936 amended the: a. Sherman Act
b. Clayton Act. c. Federal Trade Commission Act. d. Wagner Act.
By how much did the Doha round of negotiations increase the world economy per year?
a. $100 to $150 billion b. $150 to $200 billion c. $200 to $250 billion d. $165 to $385 billion
Stark Industries decides to decrease its production for the current quarter because the demand for its product had fallen significantly during the last two years for the same quarter. The strategy adopted by Stark Industries is based on the theory of _____
a. absolute advantage b. rational expectations c. adaptive expectations d. sticky wages
Assume that the expectation of declining housing prices cause households to reduce their demand for new houses and the financing that accompanies it. If the nation has low mobility international capital markets and a flexible exchange rate system, what happens to the real GDP and current international transactions in the context of the Three-Sector-Model?
a. Real GDP falls, and current international transactions become more negative (or less positive). b. Real GDP rises, and current international transactions become more negative (or less positive). c. Real GDP falls, and current international transactions rises. d. Real GDP rises, and current international transactions remain the same. e. There is not enough information to determine what happens to these two macroeconomic variables.