5. Hyperinflations tend to occur when a. monopoly firms raise prices above competitive levels. b. the menu

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5. Hyperinflations tend to occur when

a. monopoly firms raise prices above competitive levels.

b. the menu costs of price changes become too small.

c. central banks finance large government budget deficits.

d. monetary policymakers act independently of fiscal policy.

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Macroeconomics

ISBN: 9781319263904

11th Edition

Authors: N. Gregory Mankiw

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