In September 2008, the MONTHLY rate of inflation in Zimbabwe approached 489 BILLION percent. An inflation rate such as this would
A) be too high to calculate using the CPI. B) decrease the natural rate of unemployment.
C) seriously disrupt normal commerce. D) all of the above.
C
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The rules of strict constitutionality apply even during times of war in the U.S
Indicate whether the statement is true or false
The endpoints (horizontal and vertical intercepts) of the budget line:
A) measure its slope. B) measure the rate at which one good can be substituted for another. C) measure the rate at which a consumer is willing to trade one good for another. D) represent the quantity of each good that could be purchased if all of the budget were allocated to that good. E) indicate the highest level of satisfaction the consumer can achieve.
Identify the correct statement about changes in money supply.
a. A decrease in money supply causes interest rates to fall b. A decrease in money supply causes investment spending to increase. c. A decrease in money supply causes gross domestic product to increase. d. A decrease in money supply causes investment spending to decrease. e. A decrease in money supply causes aggregate expenditure to increase.
Productivity can be computed as the number of hours worked divided by output
a. True b. False Indicate whether the statement is true or false