Why wasn't everyone else already implementing group responsibility to lend to the poor in the example in the text?
A. Governments of poor countries had regulations against group responsibility.
B. It was easy for groups to provide false social security numbers for members that did not exist.
C. It was not profitable.
D. The idea was genuinely new.
Answer: D
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Between 1875 and 1895,
a. wholesale farm prices fell and consumer prices rose. b. wholesale farm prices rose slightly, but consumer prices rose more rapidly. c. wholesale farm prices and consumer prices fell, but wholesale farm prices fell more rapidly. d. wholesale farm prices fell while consumer prices remained generally unchanged.
The system of grants from one level of government to another is an example of fiscal federalism.
Answer the following statement true (T) or false (F)
Real GDP is the most effective measure for determining the:
A. Income level per household. B. Change in the price level. C. Standard of living across countries. D. Growth rate of the economy over time.
Explain four reasons why it is difficult to use discretionary fiscal policy to eliminate a deflationary or inflationary ga
What will be an ideal response?