Hyperinflation usually starts when:
A. people start spending too much money.
B. firms demand higher and higher prices for their goods.
C. governments are forced to print money to finance their spending.
D. fiscal deficits are small.
Answer: C. governments are forced to print money to finance their spending.
Economics
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The person who assumes the risks and uncertainties of business is
a. a manager of the business b. an owner of the business c. an excellent example of human capital d. an entrepreneur e. key to production, but not a factor of production
Economics
Many economists describe the 2007–2009 period in the United States as being a condition of a(n)
A. deflationary gap. B. recessionary gap. C. inflationary gap. D. reflationary gap.
Economics