Macroeconomics 12th Edition by Rudiger Dornbusch ,Stanley Fischer,Richard Startz

تمرين 1

At the height of the German hyperinflation, the government was covering only 1 percent of its spending with taxes. a. How could the German government have financed the remaining 99 percent of its spending
b. Explain how, after the end of hyperinflation, it was possible for the nominal money stock in Germany to increase by a factor of nearly 20 without restarting the inflation.