Because we collectively consume ________ goods, firms in the private sector may not provide them because they ________ exclude those who do not pay.

Hyperinflation is defined as an inflation rate

A) that doubles each year. B) that increases rapidly in one year and decreases rapidly the next year. C) that exceeds 50 percent per month. D) that is moderately high but anticipated.

The view that inappropriate monetary policy was the main reason for the depth of the Great Depression in the United States is most closely associated with:

A. monetarism. B. the mainstream view. C. the rational expectations theory. D. the real-business-cycle theory.