What is a hyperinflation?
A. It is an inflation rate in excess of 200 percent per year.
B. It is a combination of excessive increase in the price level and rising unemployment.
C. It refers to a situation where a country's money supply is no longer backed by gold.
D. It is a situation in which financial markets collapse and the government is forced to print money.
Ans: A. It is an inflation rate in excess of 200 percent per year.
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If the cost of capital increased to 25%, does the firm invest in the printer?
a. Yes because the NPV>0 b. Yes because the NPV=0 c. Need information on the marginal benefits and costs d. No because the NPV<0
Apple just announced it will be coming out with the newest model iPhone in the next six months. One could reasonably expect demand for the current model of iPhone to:
A. decrease due to a change in expectations of future prices. B. increase due to a change in expectations of future prices. C. increase due to limited supply of the current model. D. decrease due to the change in price of a substitute good.