Solved by verified expert :9)
In November 2008, the MONTHLY rate of inflation in Zimbabwe approached 79
BILLION%. An inflation rate such as this would
A)
seriously disrupt normal commerce.
B)
decrease the natural rate of unemployment.
C)
be too high to calculate using the CPI.
D)
all of the above
10)
An inflation rate that exceeds 50% per month is referred to as
A)
anticipated inflation.
B)
destructive deflation.
C)
hyperinflation.
D)
superflation.
11)
Hyperinflation is defined as an inflation rate
A)
that doubles each year.
B)
that exceeds 50% per month.
C)
that increases rapidly in one year and decreases rapidly the next year.
D)
that is moderately high but anticipated.
12)
Anticipated inflation is associated with cost increases which are fully
expected.
13)
Unanticipated inflation is associated with cost increases which are not
expected.
14)
Inflation distorts the operation of our tax and financial system.
15)
Hyperinflation refers to an inflation rate which exceeds 5% per month.
16)
Unemployment and recessions are sometimes necessary to curb high inflation.
17)
Explain menu costs and shoe leather costs as they relate to inflation.
18)
What is hyperinflation?
