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Which of the following is likely to happen if an economy faces runaway inflation? multiple choice 2 People revert to barter because money fails as
Which of the following is likely to happen if an economy faces runaway inflation? multiple choice 2 People revert to barter because money fails as a medium of exchange. People sell assets like real estate. The value of other assets like gold falls thereby increasing the value of money. People can buy any amount of goods with a given amount of money
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Principles of Economics
Authors: Fred M. Gottheil
7th edition
978-1133962069, 9781285064444, 1133962068, 1285064445, 978-1285064437
