What is the main cause of high inflation rates in middle and low income countries?
a. Citizens save most of their income lowering aggregate demand.
b. Citizens spend most of their income pushing up prices.
c. The government pays for its budget deficits by printing money.
d. The government pays for its budget surplus by printing money.
c. The government pays for its budget deficits by printing money.
Economics
You might also like to view...
"Ricardian equivalence" is the proposition that it does not matter whether government expenditure is financed by taxes or by issuing debt
Indicate whether the statement is true or false
Economics
Producers have an incentive to produce those goods most desired by consumers at the lowest price in
A. a centrally planned economy. B. a communist economy. C. a market economy. D. All of the choices are true.
Economics