Hyperinflation typically ________
A) describes periods of extreme price increases of over 50% per month or 1,000% per year
B) is a result of extreme periods of money growth that tend to come from large fiscal imbalances
C) affects both poor and developed economies
D) all of the above
E) none of the above
D
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The above table gives the initial balance sheet for Mini Bank. If the bank's desired reserve ratio is 10 percent, it will make
A) more loans. B) fewer loans. C) no change in its lending. D) you cannot predict what the bank will do from this balance sheet without more information.
Adam Smith identified all of the following as factors contributing to a nation's economic growth, except
a. size of the labor force b. degree of labor specialization (or division of labor) c. size of the capital stock d. level of technology e. the level of government spending