In a Classic Paper, Columbia University Economist Phillip Cagan Drew

question 49

Multiple Choice

In a classic paper, Columbia University economist Phillip Cagan drew the line between inflation and hyperinflation at an inflation rate of

• A) more than 120 percent per year.
• B) more than 100 percent per year.
• C) more than 200 percent per year.
• D) more than 12,000 percent per year.
• E) more than 1,000 percent per year.

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Definitions:

Best Paying

Describing jobs or careers that offer the highest compensation or financial return for work performed.

Most Challenging

Referring to situations, tasks, or goals that are particularly difficult and require significant effort to overcome.

Least Stressful

Pertaining to situations, environments, or conditions that generate the lowest amount of stress or anxiety.

Absenteeism

The frequent absence from work or other duties without good reason, which can impact productivity and operations.