Economic growth in Cuba has been slow. What can best explain the ...

[nenivikky]

Economic growth in Cuba has been slow. What can best explain the slow growth?
 
  A) lack of incentive mechanisms and economic freedom
  B) lack of economic resources
  C) labor productivity is low.
  D) too much competition within the economy
  E) a non-democratic form of government

Question 2

If real GDP grows by 3 percent, the velocity of circulation does not change, and the quantity of money grows by 5 percent, then in the long run the inflation rate is
 
  A) 8 percent. B) -5 percent. C) 2 percent. D) 3 percent. E) -2 percent.

[Jody Vaughn]

Answer to Question 1

A

Answer to Question 2

C

[nenivikky]

Excellent

[sarah_brady415]

TYSM