Not yet answered Flag question Based on past experience, if a country is experiencing hyperinflation, then which of the following would be a reasonable guess? Select one: a. Inflation is acting like a tax on everyone who holds money. Ob. All of the above are correct. C. The country has high money supply growth. d. The government is printing money to finance its expenditures.

stant, does this zero-inflation goal require that the rate of money growth equal zero? If yes, explain why. If no, explain what the rate of money growth should equal. 4. The economist John Maynard Keynes wrote in The Economic Consequences of the Peace (1919): "Lenin is said to have declared that the best way to destroy the capitalist system was to debauch the currency. By a continuing process of inflation, governments can con- fiscate, secretly and unobserved, an important part of the wealth of their citizens." Justify Lenin's assertion. 5. Suppose that a country's inflation rate increases sharply.. What happens to the inflation tax on the holders of money? Why is wealth that is held in savings accounts not subject to a change in the inflation tax? Can think of any way in which holders of savings accounts are hurt by the increase in the inflation rate? you 12 6. Hyperinflations are extremely rare in countries whose central banks are independent of the rest of the ernment. Why might…

11. Which of the following best represents a combination of inflation, slow economic growth and high unemployment in an economy? a.Deflation b.Stagflation c.Disinflation d.Disguised inflation

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