The policy rule recommended by monetarists is that the money supply should be increased at the same rate as the potential growth in:
A. Real GDP
B. Population
C. The level of prices
D. The velocity of money
A. Real GDP
Economics
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Typically, the economy recovers fairly quickly from a recession. Why did this NOT happen in the United States during the Great Depression?
What will be an ideal response?
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a. True b. False Indicate whether the statement is true or false
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For a perfectly competitive firm, when MC is less than MR
A. economic profits must be positive. B. the producer has an incentive to decrease output. C. the producer has an incentive to expand output. D. the producer has no incentive to change production.
Economics
Provide a definition of development economics. Justify your choice carefully
What will be an ideal response?
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