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Author Question: The following are impediments to economic growth EXCEPT A) dead capital. B) increased education. ... (Read 95 times)

sabina

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on: Jun 29, 2018
The following are impediments to economic growth EXCEPT
 
  A) dead capital.
  B) increased education.
  C) lack of economic freedom.
  D) bureaucratic inefficiency.

Question 2

The demand for money is infinite since everyone wants more money. Do you agree or disagree with this statement? Why?
 
  What will be an ideal response?


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harveenkau8139

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

Disagree. The demand for money does not refer to the desire to have more wealth or income. It is a demand to hold money balances so that one can purchase goods and services. Therefore, the demand for money is not infinite, but is downward sloping with respect to the cost of holding money balancesthe interest rate.


sabina

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

bdobbins

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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