A consequence of hyperinflation is that people
A) increase the quantity of money demanded.
B) receive higher real wage hikes, which increases their purchasing power for goods and services.
C) who make fixed-payment loans to others receive higher payments as inflation increases.
D) spend time trying to keep their money holdings near zero.
E) want to lend funds because interest rates are so high.
D
Economics
You might also like to view...
The above figure shows the market for steel ingots. If the market is competitive, then the deadweight loss to society is
A) a. B) b. C) c. D) zero.
Economics
Refer to Scenario 15.5. If Catherine stopped smoking, then what is the total amount that Catherine will save on life insurance premiums over the rest of her expected lifespan?
A) $700 B) $14,000 C) $30,000 D) $42,000 E) $56,000
Economics