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Villerys39 Villerys39
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4 years ago
Recall the Application about the severe hyperinflation in Zimbabwe to answer the following question(s). In June, 2008, the consumer price index in Zimbabwe was 8 million percent higher than it was a year before.


According to this Application, what caused Zimbabwe to suffer from the crippling hyperinflation?

▸ The discovery of new gold and diamond mines increased the value of the Zimbabwean dollar.

▸ Zimbabwe experienced a huge increase in illegal immigration.

▸ Growth in aggregate demand severely outpaced growth in aggregate supply.

▸ The political and economic system began to self-destruct.
Textbook 
Macroeconomics: Principles, Applications and Tools

Macroeconomics: Principles, Applications and Tools


Edition: 7th
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Woo
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#1
4 years ago
The political and economic system began to self-destruct.
wrote...
#2
4 years ago
Recall the Application about the severe hyperinflation in Zimbabwe to answer the following question(s). In June, 2008, the consumer price index in Zimbabwe was 8 million percent higher than it was a year before.


According to this Application, Zimbabwean dictator Robert Mugabe took what action to pay his soldiers, to bribe his supporters, and to keep the government functioning?

▸ He had his central bank print new banknotes.

▸ He increased exports to other African nations.

▸ He raised taxes and increased tax revenues.

▸ He developed new sources of energy which he exported to Asia and Europe.
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emneviusemnevius
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#3
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4 years ago
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#4
4 years ago
Recall the Application about the severe hyperinflation in Zimbabwe to answer the following question(s). In June, 2008, the consumer price index in Zimbabwe was 8 million percent higher than it was a year before.


Recall the Application. The only remedy for Zimbabwe to end its hyperinflation is to eliminate its budget deficit by

▸ decreasing taxes, decreasing spending, or both.

▸ decreasing taxes, increasing spending, or both.

▸ increasing taxes, decreasing spending, or both.

▸ increasing taxes, increasing spending, or both.
wrote...
#5
4 years ago
increasing taxes, decreasing spending, or both.
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