Answer:
The answer is C: Hyperinflation
Explanation:
Hyperinflation is high and accelerating form of inflation. It results in quick decline of the local currency`s real value. It also leads to increased prices of all goods and consumables
From the data,
In June 1922, 1 german Mark was equal to 0.003125 USD (1/320)
Whereas in December, 1922, the same german Mark was equal to 0.000125 USD. (1/8000)
Answer:
The correct answer is B
Explanation:
Inferior goods are those goods or kind of goods whose demand declines or decrease when the income of the person or customer increases or rises. In other words, it means that the inferior goods demand is inversely associate to the customer or consumer income.
So, in this case, the income rises by 8% and the quantity demanded for the ice cream declines or falls by 18%, then the vanilla ice cream would considered as the inferior good.
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