The reason Bitcoin's growth rate is very similar to Milton Friedman's k-percent rule is because:
a. Bitcoin has no control over the virtual currency's growth rate. Rather, its growth depends on how quickly individuals and merchants use and accept the currency.
b. It is not tied to any nation's business cycle.
c. Bitcoins are programmed to increase at the same rate as the world's real GDP.
d. All of these statements are true.
.B
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The annual growth rate of an economy is 10 percent. The economy's GDP will double in about ________ years
A) 12 B) 10 C) 20 D) 7 E) 14
From 1945 to 1995, the debt—GDP ratio in the United States
A) steadily fell. B) steadily increased. C) fell from 1945 until around 1970 and rose thereafter. D) fell from 1945 until around 1980 and rose thereafter.
Using a common resource:
A. creates a positive externality for others. B. maximizes total surplus. C. is an irrational decision. D. imposes a negative externality on others.
The demand for fish today decreases if there are expectations that the price of fish may increase in the future
Indicate whether the statement is true or false