According to the Gerschenkron model, the impulse to overcome relative backwardness came from:
a. Emperor Hirohito
b. The Tokugawa warriors
c. The Emperor code
d. Confucius
e. The realization of relative backwardness
Question 2
Spending VCU4 on real-world goods and services causes the nation's:
a. Demand for real goods and services to remain the same and monetary base to rise.
b. Demand for real goods and services to rise and M2 money supply to fall.
c. Demand for real goods and services to remain the same and M2 money multiplier to remain the same.
d. Demand for real goods and services to rise and monetary base to remain the same.