The data on hyperinflation show a clear link between the quantity of money and
a. the price level.
b. growth rate of GDP.
c. unemployment rate.
d. velocity.
a
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International trade increases world economic efficiency for the same reasons that domestic trade increases national economic efficiency
a. True b. False
The absolute poverty line looks at _____________, and the relative poverty line captures ____________
A. who cannot afford the basic necessities; what people can afford compared to those around them. B. what people can afford compared to those around them; who cannot afford the basic necessities. C. the percentage of the population that falls within the lowest quartile of income earners; the percentage of the population that earns 40 percent less than the median income. D. the percentage of the population that falls within the lowest quartile of income earners; what people can afford compared to those around them.