Author Question: Poor countries grow faster than rich countries because of rapid growth in the labor force. a. True ... (Read 159 times)

lidoalex · **on:** Jun 30, 2018

Poor countries grow faster than rich countries because of rapid growth in the labor force.
a. True
b. False
Indicate whether the statement is true or false

Question 2

An increase in the interest rates will
a. cause people to hold less money, which, in turn, means that the velocity of money increases.
b. cause people to hold less money, which, in turn, means that the velocity of money decreases.
c. cause people to hold more money, which, in turn, means that the velocity of money increases.
d. cause people to hold more money, which, in turn, means that the velocity of money decreases.