Hyperinflation can be defined as an inflation rate of
A) 50% or more per month.
B) 50% or more per year.
C) 50% or more decade.
D) All of the above are appropriately defined as hyperinflation.
A
Economics
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All else equal, as the price of a product falls, the quantity supplied increases
Indicate whether the statement is true or false
Economics
The staggering of wage and price decisions suggests that
A) people do not possess rational expectations. B) people do possess rational expectations. C) the economy will adjust slowly to shocks even if people possess rational expectations. D) the Lucas critique is entirely correct. E) real business cycle theory is correct.
Economics