Multiple Choice
Rising prices at a fast and furious pace is referred to as
A) inflation.
B) hyperinflation.
C) deflation.
D) a recession.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q55: A bank can make new loans as
Q56: If the money supply is $1 trillion
Q57: If people lost confidence in the medium
Q58: In the United States, currency is<br>A) backed
Q59: Assume that nominal GDP is $2 trillion
Q61: A bank can create new money only
Q62: A rising price level (inflation)causes<br>A) reduced barter
Q63: Which of the following characteristics is required
Q64: If a country is experiencing hyperinflation, it
Q65: An asset that can be quickly turned