Runaway Inflation

question 1

Multiple Choice

Runaway inflation

• A) is less damaging to an economy than creeping inflation.
• B) means that real income rises more rapidly than money income.
• C) increases the value of money quickly and thoroughly.
• D) results from rapidly escalating the amount of money being printed.
• E) makes it less likely that people will engage in speculation.

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Definitions:

Separate Institutions

Facilities or organizations that are segregated based on certain criteria, such as race, gender, or religion, often seen historically in the context of racial segregation.

Confederation Congress

The governing body of the United States under the Articles of Confederation from 1781 to 1789, preceding the current Constitution.

Domestic

Pertaining to the home, household affairs, or internal activities within a country as opposed to foreign or international.

Diplomatic

Pertaining to the conduct of negotiations and formal relations among countries, often involving ambassadors, international laws, and treaties.