Multiple Choice
Two examples of governments that printed large quantities of paper currency to finance massive budget deficits, causing hyperinflation, are ________ and ________.
A) the Confederacy during the American Civil War; Japan after World War II
B) the Confederacy during the American Civil War; Germany after World War I
C) the United States during the Great Depression; Japan after World War II
D) the United States during the Great Depression; Germany after World War I
Correct Answer:

Verified
Correct Answer:
Verified
Q69: Money serves as a store of value
Q70: If the Central Bank of Macroland puts
Q71: Money is:<br>A)the same as income.<br>B)all financial assets.<br>C)any
Q72: When your grandfather keeps a bundle of
Q73: Barter is:<br>A)the direct trade of goods and
Q75: Historically, the most important tool of monetary
Q76: In an open-market sale the Federal Reserve
Q77: Nominal GDP divided by the money stock
Q78: The speed at which money circulates is
Q79: When the central bank sells $1,000,000 worth