If velocity and output were nearly constant, then
a. the inflation rate would be much higher than the money supply growth rate.
b. the inflation rate would be about the same as the money supply growth rate.
c. the inflation rate would be much lower than the money supply growth rate.
d. any of the above would be possible.
b
Economics
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Free trade
A) helps economic growth by increasing tariffs. B) hurts economic growth because foreigners are not bound by the same patent laws as we are. C) helps economic growth by encouraging the sharing of technology and industrial ideas. D) hurts economic growth because foreign countries can produce goods with lower labor costs.
Economics
What does research thus far suggest about job loss and offshoring?
What will be an ideal response?
Economics