Rates of inflation in the hundreds or thousands of percent per year are known as

Refer to the scenario above. The opportunity cost of producing one pound of oranges in Zeta is:

A) 1 pound of apples. B) 0.33 pounds of apples. C) 0.5 pounds of apples. D) 2 pounds of apples.

The Great Depression of the 1930s led to a revolution in macroeconomic thinking, following the work of

a. Arthur Laffer. b. Milton Friedman. c. Adam Smith. d. John Maynard Keynes. e. David Ricardo.