Refer to Scenario 18.1. When Curly made the loans to Larry and Shemp, the money supply

A) did not change.
B) decreased by 300 coins.
C) increased by 300 coins.
D) increased by 500 coins.

C

Economics

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U.S. prisoners of war during World War II used cigarettes as a medium of exchange

Indicate whether the statement is true or false

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Inflation caused by a rise in the prices of inputs is referred to as:

A.  Cost-push inflation B.  Demand-pull inflation C.  Unanticipated inflation D.  Hyperinflation

Economics