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Author Question: Hyperinflation in developing countries is typically the result of: a. low interest rates. b. an ... (Read 30 times)

lindiwe

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on: Jun 30, 2018
Hyperinflation in developing countries is typically the result of:
 a. low interest rates.
  b. an economic recession.
  c. high income tax rates.
  d. large government fiscal deficits.
  e. large trade deficits.

Question 2

A steel mill raises the price of steel by 20, which results in a 7 reduction in the quantity of steel demanded. The demand curve facing this firm is:
 a. elastic.
 b. inelastic.
 c. unit elastic.
 d. unit inelastic.


bimper21

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

d

Answer to Question 2

b


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lindiwe

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Reply #2 on: Jun 30, 2018
Thank you


bimper21

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Reply #3 on: Jun 30, 2018
No problemo


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