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QUESTION

1)(4pts) Hyperinflation: Although inflation is always and everywhere a monetary phenomenon, explain why the initial source of a hyperinflation is typically related to the fiscal policy.

ANSWER

Hyperinflation's starting point is considered to be the point when government believed that the tax revenues are insufficient to meet up the expenditures of the economy. To meet the excess expenditures in the economy government resort to the printing of currency notes. This printing increase the currency and the money supply in the economy and thus causes inflation. The term used for this seignorage when govt resort to printing of currency to finance its deficits. Considering this as a free gift to the government

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Question: A 250-V, 4-pole, wave-wound d.c. series motor has 782 conductors on itsarmature. It has armature and series field resistance of 0.75 ohm. The motor takesa current of 40 A. Estimate its speed and gross torque developed if it has a flux per pole of 25 mWb Answer: Step 1 Step 2 Step 3
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