Hyperinflation
A) occurs in the United States during each business cycle.
B) has never occurred in the United States.
C) is a period of time when inflation exceeds 20 percent per year.
D) happens in all countries at some time during their business cycle.
E) occurs only in theory, never in reality.
B
You might also like to view...
It is often argued that gas stations operate inefficiently because they have "excess capacity" in the form of more pumping stations than they would otherwise need if they were operating under conditions of perfect competition
However, can you think of any reason why a gas station franchise owner would wish to install more pumps than he knows will rarely if ever be fully utilized at any one time? Can you explain the economic logic of this "apparent" wastefulness?
Explain why some shifts to the aggregate demand curve are temporary and why some are permanent
What will be an ideal response?