Nations with very high rates of inflation( over 100% per year) typically a) 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 b) run budget surpluses and have very small increases in their money supply c) are more advanced and richer than other nations that have lower inflation d) have high budget deficits, high levels of national debt, and a rapidly increasing money supply

Nations with very high rates of inflation( over 100% per year) typically a) 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 b) run budget surpluses and have very small increases in their money supply c) are more advanced and richer than other nations that have lower inflation d) have high budget deficits, high levels of national debt, and a rapidly increasing money supply

MACROECONOMICS FOR TODAY

10th Edition

ISBN:9781337613057

Author:Tucker

Publisher:Tucker

Chapter11: Fiscal Policy

Section: Chapter Questions

Problem 12SQ

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