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
TrUe....FaLsE
True Friendship
A recruiting poster for the “True Sons of Freedom” encouraged African Americans to enlist. In fact,
True Dover Sole
Midsagittal section indicating locations of true and false pelves
Anterosuperior view of true pelvis (blue)