Hyperinflation:
a. Has no official definition.
b. Usually ends with the nation abandoning its old currency and establishing a new one.
c. Is good for most nations because it increaes their nominal GDPs.
d. Is really a relic of the past with no current-day counterparts.
.B
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To be able to price discriminate, a firm must
A) lower prices for all customers. B) raise prices for all customers. C) be able to identify and separate different types of buyers. D) sell a product that can be resold. E) Both answers B and C are correct.
Export-led growth was a strategy led first by _______ after WWII, based on the central insight to "go where the money is."
Fill in the blank(s) with the appropriate word(s).
If the Federal Reserve is currently paying 1 percent interest on bank reserves, but then reduces that interest rate to 0.5 percent, banks may decide to hold ________ reserves, and the money supply may ________.
A. fewer; increase B. more; decrease C. more; increase D. fewer; decrease
How is moral hazard related to health care?
What will be an ideal response?