What do economists believe causes sustained inflation?
a. government printing too much money
b. cost of living declining too rapidly
c. currency supply falling gradually
d. popular faith in paper money rising
a. government printing too much money
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In 2009, Germany's capital account was -$135 million. This implies that
A) Germany invested more in other countries than those countries invested in Germany. B) Germany's currency must have appreciated during 2009. C) Germany imported more goods from its trading partners than it exported. D) Germany's official settlements account in 2009 must have been positive.
Is the value of U.S. exports typically larger or smaller than the value of U.S. imports?
What will be an ideal response?
When a firm sells 1 million coat hangers, its total revenue is $2 million. When it sells 2 million coat hangers, its total revenue is $3.5 million. Is this firm a price taker? Explain
The market demand curve is simply the vertical sum of the individual demand curves for all consumers in the market
Indicate whether the statement is true or false