79. Why do countries with hyperinflation lack economic growth? (A) The aggregate supply curve is horizontal. (B) The aggregate supply curve is vertical. (C) The aggregate demand curve is horizontal. (D) The aggregate demand curve is vertical.
79. Why do countries with hyperinflation lack economic growth? (A) The aggregate supply curve is horizontal. (B) The aggregate supply curve is vertical. (C) The aggregate demand curve is horizontal. (D) The aggregate demand curve is vertical.
Chapter1: Making Economics Decisions
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Transcribed Image Text:79. Why do countries with hyperinflation lack economic growth?
(A) The aggregate supply curve is horizontal.
(B) The aggregate supply curve is vertical.
(C) The aggregate demand curve is horizontal.
(D) The aggregate demand curve is vertical.
80. In the late 19th to early 20th Century, Canada had low and stable inflation. Why?
(A) The money supply was pegged to gold.
(B) The early age of globalization diversified inflation risk around the world through
increased trade.
(C) The Bank of Canada had efficient tools and was able to quickly target financial
markets.
(D) Never trust a guy who cannot deadlift. Always be deadlifting.
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