Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

the govermen decrease spending by $12 billion and assuming marginal propensity to Consume of 0.6 yhen GDP A. GDP will increase bu $7.2 billion B.

the govermen decrease spending by $12 billion and assuming marginal propensity to Consume of 0.6 yhen GDP

A. GDP will increase bu $7.2 billion

B. The GDP will fall by $30 billion

C. The GDP will fall by $7.2 billion

D. The GDP will increase by $30 billion

In 2018 the inflation in Venezuela reached 2000%/year and is expected to rise up to 13,000%/ year. People are waiting in the line to cash their meager salary and starting the use barterand exchange one product for another instead of using their currency. Hyperinflation

1. Make the use of money more practical

2. Discourge the use of barter

3. Void the store the value function of money

4. Promotes money as a unit of account.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Stats Data And Models

Authors: Richard D. De Veaux, Paul D. Velleman, David E. Bock

4th Edition

321986490, 978-0321989970, 032198997X, 978-0321986498

Students also viewed these Economics questions