8 During rapid inflation or hyperinflation: a. The real value of money falls. b. People will be more willing to hold their wealth in the form of money c. The use of money to undertake transactions will increase. d. The real value of money remains the same.
8 During rapid inflation or hyperinflation: a. The real value of money falls. b. People will be more willing to hold their wealth in the form of money c. The use of money to undertake transactions will increase. d. The real value of money remains the same.
Chapter13: Money And The Financial System
Section: Chapter Questions
Problem 1.6P
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8
During rapid inflation or hyperinflation: a. The real value of money falls. b. People will be more willing to hold their wealth in the form of money c. The use of money to undertake transactions will increase. d. The real value of money remains the same.
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