In the early 1920s,
a. Germany experienced a very high rate of inflation.
b. the quantity of German money was declining rapidly.
c. the value of German money remained almost constant.
d. All of the above are correct.
a
Economics
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International factor flows tend to lower incomes of those factors in host countries that most directly substitute for that factor, and to raise the incomes of other factors
Indicate whether the statement is true or false
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When unanticipated deflation occurs:
A. Both creditors and debtors benefit B. Both creditors and debtors are hurt C. Debtors are hurt, but creditors benefit D. Creditors are hurt, but debtors benefit
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