One Reason Zimbabwe Suffered from Hyperinflation Is That the Government

question 167

Multiple Choice

One reason Zimbabwe suffered from hyperinflation is that the government had decided to pay for all of its expenses by

• A)selling Treasury bonds to foreign governments.
• B)selling its government-run oil company to a private company,which then defaulted on its payment.
• C)raising interest rates to attract foreign direct investment,then nationalizing the foreign-owned facilities.
• D)printing more and more money.

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Definitions:

Self-Fulfilling Prophecies

Expectations about a situation or individual that elicit behaviors which make the prediction come true, reinforcing the original expectation.

Low Sense of Achievement

The feeling of not having accomplished significant goals, tasks, or objectives, often leading to dissatisfaction or lack of motivation.

Learning Orientation

An inclination or approach focusing on acquiring new skills, knowledge, and competencies, with an emphasis on learning from experience.

Fundamental Attribution Error

The tendency to overemphasize personal characteristics and underestimate situational factors when explaining others' behavior.