The "key ingredient" in ending a hyperinflation is to
A) allow the money supply to grow more rapidly.
B) reduce the enormous budget deficit.
C) require wage contracts to be indexed more frequently.
D) devalue the nation's currency in the foreign exchange market.
B
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What is the dominant strategy in the prisoner's dilemma?
A) There is no dominant strategy. B) Each prisoner confesses because this is the rational action to pursue. C) Do nothing in the hope that the other prisoner will also do nothing. D) Do not confess because the other prisoner will most likely confess.
Table 34-2 ? ? Output per Unit Labor Input ? England Portugal Cloth 20 24 Wine 2 12 Using the data from Table 34-2, suppose England transfers 2 units of labor from wine to cloth and Portugal transfers 1 unit from cloth to wine. The combined production of wine and cloth will be increased by
A. 16 wine, 8 cloth. B. 16 wine, 16 cloth. C. 12 wine, 12 cloth. D. 8 wine, 16 cloth.