What term means an explosive and seemingly uncontrollable inflation in which money loses value rapidly and may even go out of use?

Refer to Figure 2-2. Suppose Mendonca is currently producing 60 pounds of vegetables per period. How much meat is it also producing, assuming that resources are fully utilized?

A) 45 pounds of meat B) 75 pounds of meat C) 80 pounds of meat D) 100 pounds of meat

In the short-run macro model, a decrease in the money supply will

a. lower the interest rate, increase spending, and increase GDP b. lower the interest rate, reduce spending, and lower GDP c. raise the interest rate, increase spending, and increase GDP d. raise the interest rate, reduce spending, and lower GDP e. raise the interest rate, reduce spending, and increase GDP