Author Question: According to the quantity theory of money, if the growth rate of money supply is 6 and the growth ... (Read 55 times)

Yi-Chen

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According to the quantity theory of money, if the growth rate of money supply is 6 and the growth rate of real GDP is 9, then the growth rate of nominal GDP in the economy will be:
 
  A) 9. B) 6. C) 3. D) 15.

Question 2

What will happen if the institutions in an economy transform from inclusive to extractive?
 
  A) The return-to-entrepreneurship schedule will shift rightward and the opportunity cost to entrepreneurship will decrease.
  B) The return-to-entrepreneurship schedule will shift leftward and the opportunity cost to entrepreneurship will decrease.
  C) The return-to-entrepreneurship schedule will shift leftward and the opportunity cost to entrepreneurship will increase.
  D) The return-to-entrepreneurship schedule will shift rightward and the opportunity cost to entrepreneurship will increase.


epscape

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Answer to Question 1

B

Answer to Question 2

C



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