Breach of Contract Is a Real Defense

question 24

True/False

Breach of contract is a real defense.

---

Definitions:

Hyperinflations

Extremely high and typically accelerating inflation rates, leading to a rapid erosion of the real value of local currency.

Inflation Tax

The revenue the government raises by creating money

Deadweight Loss

The fall in total surplus that results from a market distortion, such as a tax.

Money-Supply Growth Rate

The rate at which the amount of money available in an economy grows, impacting inflation and economic activity.