Hyperinflations Occur Because Governments Want to Spend More Than They

question 205

True/False

Hyperinflations occur because governments want to spend more than they raise in taxes,and they pay for the extra purchases by printing money.

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Definitions:

Kaolin

Kaolin is a fine, white clay used in the production of porcelain and ceramics, as well as in paper making, paint manufacture, and other industrial applications due to its non-abrasive texture and color.

Stoneware

Pottery fired at high temperatures to produce a stonelike hardness and density.

Huang Gongwang

A Chinese painter during the Yuan Dynasty, known for his contributions to the landscape painting genre.

Yuan Dynasty

A dynasty in China that lasted from 1271 to 1368, established by Kublai Khan, marking the first time the entire country was ruled by a foreign power.