If a nation has high and persistent inflation, the most likely explanation is
A: the central bank creating excessive amounts of money.
B: unions bargaining for excessively high wages.
C: the government imposing excessive levels of taxation.
D: firms using their monopoly power to enforce excessive price hikes.
A: the central bank creating excessive amounts of money.
B: unions bargaining for excessively high wages.
C: the government imposing excessive levels of taxation.
D: firms using their monopoly power to enforce excessive price hikes.
举一反三
- Inflation could affect China's stable economic development and the government has put a high _____________ on curbing price hikes.
- Currency crises may result from_______. ( ) A: speculative attacks on the currency or central banks purchasing excessive amounts of government bonds. B: political upheaval leading to lowering exports. C: a reconfiguration of central bank balance sheets. D: central bank balance sheets with higher liabilities than assets.
- Betty, though （） in most things, spent a lot of money on clothes. A: economical B: economic C: excessive D: extravagant
- The time and money Peter has spent on computer games may be ( ). A: virtual B: skillful C: inherent D: excessive
- Hyperinflations are caused by A: persistent falls in aggregate supply. B: increases in poverty levels. C: high levels of money growth over sustained periods of time. D: falls in the velocity of money.