What two factors need to increase in order to increase potential output in an economy?

Inflation interferes with the functions of money. Which of the three functions is impaired, even when the inflation rate is quite low? Considering higher rates of inflation, which function is affected next?

Which function of money is the last to suffer substantial damage from inflation?

According to Kuznets (1954), competition will

(a) unfairly destroy leading industries and impede overall economic growth across industries. (b) require government intervention. (c) push efficient industries into leadership roles and pull the backward and forward industrial links to these leaders with them. (d) contract consumer market opportunities.