When an Economy Experiences Hyperinflation, It Has

question 74

Multiple Choice

When an economy experiences hyperinflation, it has:

• A) extremely long-lasting and painful increases in the price level that slows economic growth.
• B) a long period of low, steady inflation that aids in economic growth.
• C) extremely long-lasting and painful increases in the price level that encourages economic growth.
• D) a long period of stagnant economic growth, and inflationary tactics are used by the government to raise prices.

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Definitions:

Salad Bar

A buffet-style table or counter where various ingredients for custom-made salads are available for self-service.

Overjustification Effect

The phenomenon where providing excessive external rewards for an already internally rewarding activity can reduce a person's intrinsic motivation for the activity.

Payrise

An increase in the amount of money earned for work performed, typically expressed as a percentage of current salary.

Promotion

The advancement of an employee's rank or position in an organizational hierarchy.