All of the following were took place during the German hyperinflation in the 1920s EXCEPT
A) banks reduced lending.
B) some banks only made loans to customers who agreed to repay in terms of foreign currencies or commodities.
C) Deutsche Bank had to lay off many workers due to lack of business.
D) households and firms increased their demand for loans.
C
Economics
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The consumer wants to work because he/she
A) is told to work. B) likes to work. C) likes leisure. D) wants the income.
Economics
A difficulty with using a uniform per-unit tax to address a negative externality is that
A) the tax will reduce output. B) the tax will increase price. C) the social cost of pollution might vary across geographic regions. D) the social cost of pollution should not be assessed on the consumers, but should be assessed on the firms.
Economics