An important condition required for economic growth is
A) economic freedom.
B) a libertarian government.
C) a totalitarian government.
D) a democratic government.
E) the incentive to limit international trade so that all economic growth remains within the country.
A
Economics
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Inflation reduces the ability of money to function as a
A) medium of exchange. B) medium of value. C) unit of account. D) store of value.
Economics
Economist A says that the economy is self-regulating. This economist most likely believes that
A) the economy can get stuck in a recessionary gap. B) wages and prices are inflexible downward. C) wages and prices are flexible. D) government should enact expansionary fiscal policy when the economy is in a recessionary gap. E) none of the above
Economics