As a result of hyperinflation in Zimbabwe,
A) prices were 150 million times higher at the end of 2008 than they were at the beginning
B) the price level fell by 50 percent in 2008
C) real GDP rose there faster than did nominal GDP
D) the "shoe-leather cost" (of looking for the lowest price) was very high
E) many Zimbabweans migrated to neighboring countries
Correct Answer:
Verified
Q105: Hyperinflation refers to a situation in which
A)prices
Q106: As a result of the hyperflation in
Q107: Exhibit 7-1 Q108: As a result of hyperinflation, Q109: At the rate of inflation in Zimbabwe Q111: If the aggregate demand curve shifts rightward, Q112: Exhibit 7-1 Q113: Deflation refers to Q114: Exhibit 7-1 Q115: Which of the following is not an Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A)real GDP rose
A)the
A)decreasing relative prices
B)a decreasing price
