Extremely high rates of inflation such as that experienced by Nicaragua in the 1980s are described as
A. deflation.
B. hyperinflation.
C. disinflation.
D. inflation.
B. hyperinflation.
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In a situation of mutual interdependence and identical products, managers of oligopolistic firms ________ a response to their rivals' actions and ________ compete on price.
A) do not have; should B) have; should C) do not have; should not D) have; should not
The relationship between money growth rates and inflation between 1982 and 2010 helps explain why, by the 1990s, most economists had
A. adopted the monetarist explanation of inflation. B. adopted a rules-only approach to monetary policy. C. become more convinced of the monetary causes of inflation. D. abandoned monetarism as the primary explanation of inflation.
Blanket standards on imports usually address issues affecting:
A. domestic consumers. B. domestic producers. C. foreign production practices. D. They can be used to address any of these.
Because of the European Monetary Union, each EU member is now:
A. less able to manage its own economy. B. less susceptible to internal shocks. C. less susceptible to external shocks. D. better able to manage its own economy.