Recall the Application About the Study by Thomas J

Multiple Choice

Recall the Application about the study by Thomas J. Sargent of hyperinflations after World War I in Germany, Austria, Hungary, and Poland, and how those hyperinflations ended, to answer the following question(s) .
-According to this Application, Sargent concluded that hyperinflations were ultimately caused by fiscal policy that was financed by

A) money creation and not taxes.
B) taxes and not money creation.
C) both money creation and taxes.
D) sources other than money creation and taxes.