What are the primary causes of hyperinflations? Explain

What will be an ideal response?

A hyperinflation simply means a very high inflation. For one to occur, money growth must also be very high. Money growth is usually very high when the government is using debt monetization to finance a large and growing budget deficit.

Economics

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What is the difference between a normal profit and an economic profit?

What will be an ideal response?

Economics

Given the information in the table above. What is the opportunity cost of Cloth in terms of Widgets in Foreign?

What will be an ideal response?

Economics