One of the main reasons behind hyperinflation episodes is:
A) a decrease in real GDP. B) large government budget deficits.
C) high tax rates. D) a decrease in the demand for consumer goods.
B
Economics
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Suppose a market produces 5,000 tons of wheat. At this quantity, the marginal cost exceeds the marginal benefit. This outcome could be the result of
A) a quantity regulation limiting the amount that can be produced. B) a monopoly. C) a subsidy. D) an external benefit. E) producing a public good.
Economics
If marginal cost of an additional unit of output is greater than average cost, then average cost will rise
a. True b. False Indicate whether the statement is true or false
Economics