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.
supply chain
Oil supply and prices affect the economies of nations
Population Density versus Economic Growth
Effect of Increasing the Investment Rate on the Steady State
Early growth of the common bean (Phaseolus vulgaris), a typical eudicot.
Yearly growth of tree trunk (cross-section)