Countries that have adopted liberal reforms and substantially increased their economic freedom rating in recent years

a. experienced falling income levels per capita during 1995-2009.
b. grew slowly during 1995-2009.
c. achieved impressive growth rates of real GDP per person during 1995-2009.
d. have grown less rapidly than high income industrial economies.

C

Economics

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Why do almost all models begin with assumptions?

What will be an ideal response?

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Your text suggests the Fed

A) is a slave to Congress. B) is totally free from political pressure. C) probably cannot pursue monetary policies that completely contradict the federal government's fiscal policies. D) is a hoax and a shame that ought to be abolished.

Economics