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During the 1990s,the United Kingdom Experienced Low Levels of Inflation

Question 8

Multiple Choice

During the 1990s,the United Kingdom experienced low levels of inflation while Turkey experienced high levels of inflation.A likely explanation of these facts is that


A) the United Kingdom is more industrialized than Turkey.
B) the rate of growth of the quantity of money was slower in the United Kingdom than in Turkey.
C) workers in the United Kingdom are less productive than workers in Turkey.
D) there were more cases of market failure in Turkey than in the United Kingdom.

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