Question
Answer this question according to lecture discussion and you must show your stepby-step calculation/derivation with explanation or a zero will be assigned. Use a numerical
Answer this question according to lecture discussion and you must show your stepby-step calculation/derivation with explanation or a zero will be assigned. Use a numerical example to demonstrate the idea of inflation tax and how monetization of national debts (the dirty trick orchestrated by the government and the central bank) may lead to hyperinflation. (20 Marks) (b) Answer this question according to lecture discussion and you must show your stepby-step calculation/derivation with explanation or a zero will be assigned. Use a numerical example to demonstrate the idea of debt deflation and explain its role in the Great Depression. (15 Marks)
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