The German Hyperinflation of the early 1920s was caused by
A) large deficits resulting from the high levels of war spending and falling taxes.
B) rising oil prices after World War I caused a severe stagflation and hyperinflation.
C) an overly aggressive monetary policy implemented to combat a severe recession.
D) the German government raising funds for expenditures by selling bonds to the central bank.
D
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The largest in-kind transfer received by the poor households in the U.S. is:
a. Old-Age, Survivors, and Disability Insurance. b. the Head Start special education program for poor children. c. Medicaid, which provides long-term medical care for the poor. d. the food stamp program, which distributes food coupons to poor households. e. Temporary Assistance for Needy Families.
If production of a good creates beneficial externalities, a perfectly competitive market will produce
A. less output than would maximize profit. B. more output than would maximize profit. C. less output than is socially efficient. D. more output than is socially efficient.