In the early 1920s, Germany experienced hyperinflation because Germany's
A) demand for money skyrocketed.
B) economy was growing very rapidly.
C) real GDP was growing faster than nominal GDP.
D) population was growing very rapidly.
E) quantity of money was growing very rapidly.
E
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Mrs. Dodge has $8 million in income and pays no income taxes. Her income is most likely
a. capital gains. b. interest on corporate bonds. c. interest on municipal bonds. d. offset by mortgage interest.
In contrast to changes in government spending, tax changes affect spending
A. directly. B. in the same proportion. C. by a greater amount. D. indirectly.
Which of the following increases the size of the expenditure multiplier?
A) an increase in investment B) an increase in autonomous spending C) a decrease in the marginal propensity to consume D) a decrease in the marginal propensity to import E) an increase in the marginal income tax rate
Many auction sites, such as eBay, provide a reputation score by which previous customers can rate a seller. Which of the following characteristics of a competitive market is this policy trying to emulate?
A) There is freedom of entry and exit. B) There are very low transaction costs. C) There are only one or two sellers. D) Buyers have more complete information.