Use the Following to Answer Questions: Table: Inflation in Poland

question 161

Multiple Choice

Use the following to answer questions: Table: Inflation in Poland $$\begin{array} { l c } \hline \text { Year } & \text { Inflation Rate (Annual \% Change) } \\\hline 1985 & 15.1 \% \\1990 & 585.8 \% \\1999 & 7.3 \% \\2002 & 1.9 \% \\2003 & 0.8 \% \\\hline\end{array}$$ Source: International Monetary Fund (www.imf.org)
-(Table: Inflation in Poland) This table shows actual inflation data for different periods in Poland. Which year was hyperinflationary?

• A) 1985
• B) 1990
• C) 1999
• D) 2003

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Definitions:

Rent-Control Laws

Regulations that limit the amount landlords can charge for leasing residential properties to ensure affordability.

Minimum Rent

The least amount of money that a lessee may pay to lease a property for a specific period, often set by contractual agreement.

Rationing Mechanism

A method or system used to allocate scarce resources, goods, or services among people, typically in situations of short supply.

Competitive Market

A market structure characterized by a large number of buyers and sellers, free entry and exit, and products that are similar in nature, leading to competitive prices.