What is the relationship between money growth and inflation across countries? Does your answer support the quantity theory of money?
What will be an ideal response?
The international evidence shows that the money growth rate and inflation rate are positively related. While the correlation is not precise, it is generally high.
Economics
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What is the effect of an increase in unemployment benefits on the unemployment rate?
What will be an ideal response?
Economics
Suppose society wants to increase the number of teachers in society but doesn't want to pay teachers any more in salary and benefits. This could only occur by
A) making it more expensive to become a teacher, perhaps by raising college tuition rates. B) making it less expensive to become a teacher, perhaps by offering subsidies to college tuition. C) making computers more powerful. D) increasing the income of student parents.
Economics