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Author Question: Which of the following is true of hyperinflation? a. It causes the value of a currency to ... (Read 32 times)

rmenurse

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  • Posts: 513
on: Jun 30, 2018
Which of the following is true of hyperinflation?
 a. It causes the value of a currency to deteriorate so quickly that people become reluctant to hold that currency.
  b. It is a situation in which people hoard currency expecting its value to increase in recent future.
  c. It is a simultaneous increase in inflation and decrease in the quality of products.
  d. It occurred in the United States in the 1970s.
  e. It is a synonym for cost-push inflation.

Question 2

Which of the following goods would be considered scarce?
 a. iPods
 b. crude oil
 c. tax preparation services
  d. all of the above


bdobbins

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Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

d


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