Which of the following is not one of the ways that the German government ended the hyperinflation of the 1920s?
A) replacing the existing mark with a new mark
B) negotiating a new agreement with the Allies (the United States, Great Britain, France, and Italy) that reduced its reparations payments
C) reducing government expenditures and raising taxes to balance its budget
D) raising the required reserve ratio to reduce bank loans
D
You might also like to view...
Opportunism may occur when
A) both parties have limited information. B) both parties have full information. C) one party has information the other does not. D) All of the above.
Stagflation" refers to
A. a simultaneous increase in output and the price level. B. a simultaneous reduction in output and the price level. C. an increase in the price level accompanied by decreases or leveling off in real output and employment. D. a decline in the price level accompanied by increases in real output and employment.
The European Monetary System represented a
A) exchange rate regime with 'bands.' B) crawling peg. C) a flexible exchange rate regime. D) none of the above
All developing countries suffer from a critical shortage of:
A. Land B. Population C. Capital goods D. Government regulation