Hyperinflation in developing countries is typically the result ...

[lindiwe]

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]

Answer to Question 1

d

Answer to Question 2

b

[lindiwe]

Thank you

[bimper21]

No problemo