In his classic treatise on public finance, Richard Musgrave says the economic activities of the state can be broken down into _____
a. allocation, distribution, production
b. allocation, distribution, stabilization
c. allocation, production, protection
d. production, protection, allocation
b
Economics
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Which of the following estimates how quickly an economy grows?
a. An isoquant curve b. An aggregate production function c. The rule of 70 d. The rule of law
Economics
Commercial banks create money by: a. printing currency notes
b. charging processing fees on bank transactions. c. making loans out of excess reserves. d. investing in money market mutual funds.
Economics