Hyperinflation occurs when the government runs a large budget ________, which the central bank finances with a

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Hyperinflation occurs when the government runs a large budget ________, which the central bank finances with a substantial monetary ________.

a. deficit; contraction

b. deficit; expansion

c. surplus; contraction

d. surplus; expansion

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Essentials Of Economics

ISBN: 9780357723166

10th Edition

Authors: N. Gregory Mankiw

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