The main reason that hyperinflation renders a currency worthless is that ________
A) the government cannot print money fast enough to keep up with the rising prices
B) laws against raising prices are easily evaded
C) reducing government expenditures is politically unpopular
D) the government's "official" inflation rate is always a gross understatement
E) as soon as inflation seems out of control, everyone knows that the currency will soon lose whatever value it has today
E
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"The fewer the number of substitutes for a good, the more elastic the demand for that good." Is the previous statement true or false?
What will be an ideal response?
Consider the above figure. The equation for the saving function is
A) S = 40 - 0.67 Yd. B) S = 40 + 0.33 Yd. C) S = -40 + 0.67 Yd. D) S = -40 - 0.33 Yd.
Modern antitrust policy began in response to
A. abuses of market power in the oil industry. B. the inability of railroads to compete effectively with the new trucking industry. C. the charge that the rights of big business were not adequately protected. D. attempts by business leaders to pack Congress with corrupt legislators.
Nation A's real GDP was $520 billion in 2013 and $550 billion in 2014. Its population was 150 million in 2013 and 155 million in 2014. On the other hand, Nation B's real GDP was $200 billion in 2013 and $210 billion in 2014; and its population was 53 million in 2013 and 55 million in 2014. Which of the following statements is true?
A. Nation A's GDP per capita increased from 2013 to 2014, while Nation B's decreased B. Nation B's GDP per capita increased from 2013 to 2014, while Nation A's decreased C. Nation A's and Nation B's GDP per capita both decreased from 2013 to 2014 D. Nation A's and Nation B's GDP per capita both increased from 2013 to 2014