« previous next »

Author Question: Hyperinflation in developing countries is typically the result of: a. low interest rates. b. an ... (Read 59 times)

lindiwe

  • Hero Member
  • *****
  • Posts: 577
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

  • Sr. Member
  • ****
  • Posts: 309
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

b


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

lindiwe

  • Hero Member
  • *****
  • Posts: 577
Reply #2 on: Jun 30, 2018
Thank you


bimper21

  • Sr. Member
  • ****
  • Posts: 309
Reply #3 on: Jun 30, 2018
No problemo


« previous next »
 

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Active Genes Discovered In The Developing Mammal Brain Active Genes Discovered In The Developing Mammal Brain
The “Infertility Belt” In certain countries in Central Africa, infertility rates are as high as 30% The “Infertility Belt” In certain countries in Central Africa, infertility rates are as high as 30%
A comparison of adiabatic and environmental cooling rates. A comparison of adiabatic and environmental cooling rates.
Protein topology and folding rates Protein topology and folding rates
Harry and Gus fish the same lake together from the same boat. Each morning Harry typically ... Harry and Gus fish the same lake together from the same boat. Each morning Harry typically ...
Life support system of a developing human Life support system of a developing human
Video: Pores and Ion Channels

For a complete list of videos, visit our video library