Author Question: Which of the following is true of hyperinflation? a. It causes the value of a currency to ... (Read 44 times)

rmenurse

  • Hero Member
  • *****
  • Posts: 513
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
Answer to Question 1

a

Answer to Question 2

d



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Approximately 70% of expectant mothers report experiencing some symptoms of morning sickness during the first trimester of pregnancy.

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

For a complete list of videos, visit our video library