What advice did many analysts give to postcommunist states, particularly Russia, to boost their stagnating economies?
a. to strengthen a centralized state authority
b. to ignore the invisible hand of the market
c. to privatize state-owned businesses
c. to privatize state-owned businesses
Economics
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Explain how low levels of living can turn into a vicious cycle in developing countries
What will be an ideal response?
Economics
ItemBillions of DollarsCheckable Deposits$597Small Time Deposits818Currency639Money-Market Mutual Funds Held by Businesses1,045Savings Deposits, Including Money-Market Deposit Accounts2,866Money-Market Mutual Funds Held by Individuals979 Refer to the above table. The size of the M2 money supply is:
A. $2696 billion. B. $2054 billion. C. $5899 billion. D. $6792 billion.
Economics