Hyperinflation:
a. Has no official definition.
b. Usually ends with the nation abandoning its old currency and establishing a new one.
c. Is good for most nations because it increaes their nominal GDPs.
d. Is really a relic of the past with no current-day counterparts.
.B
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The exit of firms from a monopolistically competitive market structure causes the demand curves facing the existing sellers to shift ________ and to become ________
A) leftward; flatter B) rightward; flatter C) leftward; steeper D) rightward; steeper
The Congressional Budget Office estimates that the payments to settle malpractice lawsuits and the premiums doctors pay for malpractice insurance account for ________ of health care costs in the United States
A) between 20 and 30 percent B) a vast majority C) roughly half D) less than 1 percent