The chief economist of the country of Elbonia has predicted that the new policies adopted by the government will lead to higher economic growth accompanied by lower rates of inflation. The currency of Elbonia is expected to:
a. weaken

The aspects of the society's rule that concern economic transactions are referred to as:

A) economic principles. B) economic institutions. C) financial regulations. D) economic ideals.

In the long run, countries with higher rates of money growth usually have:

A. smaller budget deficits. B. faster growth rates of real output. C. lower rates of inflation. D. higher rates of inflation.