Which of the following is not a consequence of hyperinflation?
A) The price level grows in excess of hundreds of percentage points per year.
B) Hyperinflation causes an economy to suffer slow growth.
C) Money loses value so rapidly that individuals and firms stop holding it.
D) Money's function as a medium of exchange is enhanced.
D
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In Adam Smith's competitive market economy, the question of what goods to produce is determined by:
a. the "invisible hand" of the price system. b. businesses. c. unions. d. the government, through laws and regulations.
The quantity demanded of a product is the amount that buyers are willing and able to purchase at a particular price
a. True b. False Indicate whether the statement is true or false
Your friend Dimitre tells you that he thinks that his favorite basketball team has a 70% chance of winning the next game. This is an example of a(n)
A) objective probability. B) subjective probability. C) risk-averse statement. D) Friedman-Savage preference.
Indirect finance includes the sale by a corporation of stocks or bonds, as well as borrowing money from a bank
Indicate whether the statement is true or false