During most episodes of hyperinflation,

A) the inflation rate is high but constant.
B) the inflation rate decreases over time.
C) the inflation rate increases over time.
D) the inflation rate first increases, and then remains constant.
E) the inflation rate increases over time, but then rapidly decreases on its own.

C

Economics

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Explain the difference between absolute advantage and comparative advantage

What will be an ideal response?

Economics

Lisa consumes only pizzas (P) and burritos (B). Her utility function is U = P0.5 B0.5. The price of per pizza is $10 and the price per burrito is $5. In equilibrium, Lisa consumes four pizzas

Using Lisa's utility function, calculate how many burritos she consumes.

Economics