Author Question: Why is perpetual economic growth necessary in a modern market economy? a) Because the worlds ... (Read 71 times)

jeatrice · **on:** Jul 10, 2018

Why is perpetual economic growth necessary in a modern market economy?

a) Because the worlds population continues to increase.
b) Because citizens now expect a constantly rising living standard.
c) Because the constant creation of debt money requires the creation of additional money to cover interest payments.
d) Because the money supply is generally stable.

Question 2

What percentage of money circulating in the United States exists as bills and coins?

a) 45 to 50 percent
b) 25 to 30 percent
c) 65 to 75 percent
d) 5 to 10 percent