During the Civil War (1861–1865), hyperinflation occurred in
(a) the North.
(b) the South.
(c) both the North and South.
(d) neither the North nor the South.
(b)
Economics
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Equilibrium, in the short run, is achieved when:
a. differences in rates of return cause investors to purchase and sell currency and thereby change the spot rate of exchange. b. the government recognizes a problem and takes action to correct it. c. traders adjust their expectations to match reality. d. inflation falls to zero.
Economics
Keynesians tend to believe
A) the markets work freely. B) that free market economics is faulty. C) that government spending is the source of economic instability. D) none of these choices.
Economics