Nations with very high rates of inflation (over 100 % per year) typically a) are more advanced and richer than other nations that have lower inflation b) run a balanced budget and keep their money supply growing at less than 3% per year c) have high budget deficits, high levels of national debt and a rapidly increasing money supply d) have zero national debt, run budget surpluses and are increasing their money supply at the same rate as the annual increase in their real GDP per capita e) run budget surpluses and have very small increases in their money supply
Nations with very high rates of inflation (over 100 % per year) typically a) are more advanced and richer than other nations that have lower inflation b) run a balanced budget and keep their money supply growing at less than 3% per year c) have high budget deficits, high levels of national debt and a rapidly increasing money supply d) have zero national debt, run budget surpluses and are increasing their money supply at the same rate as the annual increase in their real GDP per capita e) run budget surpluses and have very small increases in their money supply
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Nations with very high rates of inflation (over 100 % per year) typically
a) are more advanced and richer than other nations that have lower inflation
b) run a balanced budget and keep their money supply growing at less than 3% per year
c) have high budget deficits, high levels of national debt and a rapidly increasing money supply
d) have zero national debt, run budget surpluses and are increasing their money supply at the same rate as the annual increase in their real GDP per capita
e) run budget surpluses and have very small increases in their money supply
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