Which of the following examples would most likely cause hyperinflation?
a. A nation gradually repays a large debt over a ten-year period.
b. A nation increases its money supply to get out of a recession.
c. A nation is given a reprieve on a large debt in return for lowering tariffs.
d. A nation rapidly prints money to pay off a very large debt to another nation.
d. A nation rapidly prints money to pay off a very large debt to another nation.
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The prisoners' dilemma is
A) an example of a duopoly game. B) a theory about why firms break the law. C) competition that can occur among firms in monopolistic competition. D) an example of the monopolist charging high prices. E) an example of a game that does not have a Nash equilibrium.
Truck regulation was needed in the 1930s because of economies of scale in trucking
Indicate whether the statement is true or false