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:

Legal Realism

A theory in law that emphasizes the real-world outcomes of cases and the roles of judges and societal influences, rather than purely relying on abstract legal rules or doctrines.

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A legally recognized marriage between two individuals of the same sex.

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An economic school of jurisprudence in which all costs and benefits of a law are given monetary values. Those laws with the highest ratios of benefits to costs are then preferable to those with lower ratios.