Hyperinflation refers to a situation in which:
a. prices are rising extremely rapidly.
b. prices are falling extremely rapidly.
c. the price level is extremely high.
d. the price level is extremely low.
a
Economics
You might also like to view...
In a tit for tat strategy players
a. Focus on maximizing your own profit b. Focus on minimizing the rivals profits c. Make their strategy difficult for competitors to understand d. All of the above
Economics
A price elasticity of demand of 2 for a specific cola means that if the price increases 1 percent, the quantity demanded of the cola will decrease by 2 percent
a. True b. False
Economics