Which of the following is true of hyperinflation?
a. It causes the value of a currency to deteriorate so quickly that people become reluctant to hold that currency.
b. It is a situation in which people hoard currency expecting its value to increase in recent future.
c. It is a simultaneous increase in inflation and decrease in the quality of products.
d. It occurred in the United States in the 1970s.
e. It is a synonym for cost-push inflation.
a
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To approximate net annual cash flow, depreciation is
A. Added back to net income because it is an inflow of cash B. Subtracted from net income because it is an expense C. Subtracted from net income because it is an outflow of cash D. Added back to net income because it is not an outflow of cash
In the case of Intimate Bookshop v. Barnes & Noble, Intimate alleged that Barnes & Noble
a. was bundling products in order to reduce competition. b. used technological advances to sell at lower prices. c. was buying books at discriminatory prices. d. had merged with other competitors in an effort to gain monopoly power.