The Greenbackers' demand to back the greenback issues with gold reserves was not practical in the late 1860s
Indicate whether the statement is true or false
False
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Suppose that in 2016, all prices in the economy double and that all wages and salaries also double. In 2016 you
A) are no better off or worse off than you were in 2015 as the purchasing power of your salary has remained the same. B) are better off than you were in 2015 as your salary is higher than it was in 2015 and you can now buy more goods and services. C) are worse off than you were in 2015 as you can no longer afford to buy as many goods and services. D) cannot determine whether you are better off or worse off than you were in 2015, because the purchasing power of your salary cannot be determined.
In what way does nationalism tend to be a hindering force in attaining modern economic growth and development, and in what way a facilitating force?
What will be an ideal response?