An increase in the price level that is extremely rapid (say 400% per year) is called:
A) hyperinflation.
B) inflation.
C) deflation.
D) hyperdeflation.
Correct Answer:
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Q211: Deflation is a(n):
A) decrease in the purchasing
Q212: Unanticipated inflation does NOT:
A) reduce the value
Q213: Costs of inflation do NOT include _
Q214: Menu costs of inflation are the:
A) costs
Q215: Which annual rate of inflation is hyperinflation?
A)
Q217: Between 1921 and 1923, Germany underwent:
A) deflation.
B)
Q218: During periods of high inflation, stores that
Q219: Unanticipated inflation:
A) reduces the value of money.
B)
Q220: Menu costs are the:
A) costs of money
Q221: Suppose that a bank wishes to make
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