When institutions and policies provide secure property rights, a fair and balanced judicial system, monetary stability, and effective limits on the power of government, which of the following is most likely to be encouraged?
a. rent-seeking
b. actions that reduce the value of resources
c. productive activities
d. destructive activities
C
Economics
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An economy that experiences a rise in the price level over two consecutive quarters necessarily experiences
A) a recession. B) deflation. C) disinflation. D) none of the above.
Economics
Unexpected and large deflation is desirable, according to the Friedman rule
a. True b. False Indicate whether the statement is true or false
Economics