An inflation rate that exceeds 50 percent per month is referred to as:
A. anticipated inflation.
B. destructive deflation.
C. hyperinflation.
D. superflation.
Answer: C
Economics
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Government policies intended to decrease aggregate spending and output are called ________ policies.
A. fiscal B. monetary C. aggregate D. contractionary
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In the figure above, between points A and B, what is the slope of the line?
A) 4 B) 1 C) 3 D) -3 E) 0
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Accounting profits are calculated as:
A. total revenue minus implicit costs. B. total revenue minus explicit costs. C. total revenue minus all opportunity costs, explicit and implicit. D. None of these is true.
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Does voluntary exchange create wealth (value)?
What will be an ideal response?
Economics