52. Periods of extreme hyperinflation are the result of:

Multiple Choice

• stock market price bubbles.

• oil price shocks.

• severe recessions.

• excessive monetary expansions by government.

55.

Refer to the above diagram. If aggregate supply shifts from AS₁ to AS₂, then the price level will:

Multiple Choice

• increase and real domestic output will increase.

• decrease and real domestic output will increase.

• increase and real domestic output will decrease.

• decrease and real domestic output will decrease.

58. Which is the correct way to calculate the unemployment rate?

Multiple Choice

• [(Unemployed)/(Population)] × 100

• [(Unemployed)/(Labor force)] × 100

• [(Labor force)/(Population)] × 100

• [(Labor force)/(Unemployed)] × 100

Answer rating: 100% (QA)

52 Correct Answer excessive monetary expansions by government Ex... View the full answer