Large or persistent inflation is almost always caused by
a. excessive government spending.
b. excessive growth in the quantity of money.
c. foreign competition.
d. higher-than-normal levels of productivity.
B
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A central proposition of the new growth theory is that
A) growth will cease but prosperity will persist. B) knowledge is not subject to diminishing returns. C) government direction and oversight is necessary for consistent growth. D) growth is often just an illusion fostered by growth accounting.
Refer to Scenario 25-2. As a result of Kristy's deposit, Bank A's required reserves increase by
A) $2,000. B) $8,000. C) $10,000. D) $50,000.
Which philosopher believes that advocates of a position on income distribution must look at a society in the making, where no one yet knows what rules govern economic activity and income distribution?
a. Karl Marx b. A. P. Lerner c. Max Lorenz d. Corrado Gini e. John Rawls
The sale of either stocks or bonds to raise money is known as equity finance
a. True b. False Indicate whether the statement is true or false