Hyperinflation refers to a(n)
A. very rapid increase in the overall price level.
B. increase in both price level and output.
C. very rapid decrease in the overall price level.
D. decrease in unemployment which is accompanied by a rapid increase in wages.
Answer: A
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In 1935 the CIO split off from the AFL in a dispute over ______________________.
Fill in the blank(s) with the appropriate word(s).
A firm is most likely to have a value of Tobin’s q that exceeds 1 if
a) it is privately held b) it consistently allows depreciation to erode its stock of physical capital c) it holds numerous copyrights d) its optimal capital stock exceeds its actual capital stock e) its gross investment exceeds its net investment
Capital movements are typically the dominant factor in determining exchange rates in the short and medium run.
Answer the following statement true (T) or false (F)
Which of the following is not a role of a financial institution acting as a financial intermediary?
A. Formulating oversight regulations B. Pooling the resources of small savers C. Supplying liquidity D. Providing ways to diversify risk