Refer to Figure 11-1. Within a country, the impact of wars and revolutions and their subsequent destruction of capital is reflected in the per-worker production function in the figure above by a movement from

A scatter diagram of money growth rates and inflation rates from 1982 to 2010 indicates

a. a clear direct relationship between money growth and inflation. b. a clear indirect relationship between money growth and inflation. c. no clear relationship between money growth rates and inflation. d. that inflation is always and everywhere a monetary phenomenon.

Which of the following is true of the inflation rates experienced by different countries around the world in the 1990s?

a. China experienced deflation during this period b. Russia experienced hyperinflation during this period c. Japan experienced an inflation rate of 24 percent during this period d. The United Kingdom experienced deflation during this period