This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Currency outside of banks increases from 100 million to 200 million. This change is considered A) ... (Read 73 times)

kfurse

  • Hero Member
  • *****
  • Posts: 590
on: Jun 29, 2018
Currency outside of banks increases from 100 million to 200 million. This change is considered
 
  A) a currency drain.
  B) a decrease in the monetary base.
  C) expansionary monetary policy.
  D) contractionary monetary policy.

Question 2

According to the neoclassical growth theory, national incentives to save, invest, accumulate human capital, and develop new technology influence the country's growth rate of real GDP. Comment on the accuracy of the previous statement.
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

bhavsar

  • Sr. Member
  • ****
  • Posts: 351
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

The sentence is inaccurate. The neoclassical growth theory says that a nation's growth rate of real GDP depends on the growth rate of technology. The neoclassical growth theory assumes that the growth rate of technology is the result of chance and luck. It is the new growth theory that asserts that growth depends on people's incentives, so it is the new growth theory that predicts that a nation's growth rate depends on its national incentives to save, invest, accumulate human capital, and develop new technology.


kfurse

  • Member
  • Posts: 590
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

Zebsrer

  • Member
  • Posts: 284
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Change Women’s Roles Change Women’s Roles
The change in the net of an irradiance, in Wm-2, at the tropopause The change in the net of an irradiance, in Wm-2, at the tropopause
Coral growth rings as an indicator of environmental change Coral growth rings as an indicator of environmental change
The impact of climate change on natural ecosystems The impact of climate change on natural ecosystems
Earth 600 Million Years Ago Earth 600 Million Years Ago
Video: ADH and the arterioles, kidneys, sweat glands and the Atrial natriuretic peptide (ANP)

For a complete list of videos, visit our video library