« previous next »

Author Question: Which of the following is true of hyperinflation? a. It causes the value of a currency to ... (Read 33 times)

rmenurse

  • Hero Member
  • *****
  • 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

  • Sr. Member
  • ****
  • Posts: 326
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

d


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Did you know?

Automated pill dispensing systems have alarms to alert patients when the correct dosing time has arrived. Most systems work with many varieties of medications, so patients who are taking a variety of drugs can still be in control of their dose regimen.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

True-color view of Mars seen through NASA's Hubble Space Telescope in 1999 True-color view of Mars seen through NASA's Hubble Space Telescope in 1999
TrUe....FaLsE TrUe....FaLsE
true story true story
Adapoids and omomyoids had longer snouts and are the first “true” primates. Adapoids and omomyoids had longer snouts and are the first “true” primates.
A recruiting poster for the “True Sons of Freedom” encouraged African Americans to enlist. In fact, A recruiting poster for the “True Sons of Freedom” encouraged African Americans to enlist. In fact,
Anterosuperior view of true pelvis (blue) Anterosuperior view of true pelvis (blue)
Video: Glomerular filtrate rate: pressures that affect GFR, NFP & GFR and blood composition

For a complete list of videos, visit our video library