The principle of opportunity cost
A) is applicable to all decision-making. B) only refers to monetary payments.
C) is more relevant for firms than for individuals. D) is only relevant in economics.
A
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During hyperinflation, exploding inflation causes real money demand to
A) fall over time, and this additional monetary change makes money prices rise even more quickly than the money supply itself rises. B) increase over time, and this additional monetary change makes money prices rise even more quickly than the money supply itself rises. C) fall over time, and this additional monetary change makes money prices decrease even more quickly than the money supply itself rises. D) increase over time, and this additional monetary change makes money prices decrease even more quickly than the money supply itself rises. E) fall over time, and this additional monetary change makes money prices decrease even less quickly than the money supply itself rises.
Leakages are
a. negative tax revenues b. government spending on nonessential goods and services c. amounts of income earned, but not spent, by the household sector during a given year d. a sign that an economy's total output is excessive e. sums spent by sectors other than households