Which of the following is most important if a country wants to move from a low-income to a high-income status?
a. high rates of monetary growth.
b. sustained economic growth.
c. high real interest rates.
d. high nominal interest rates.
B
Economics
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How is a firm's labor demand curve affected when the price of its product rises?
What will be an ideal response?
Economics
When inflation begins to rise, people can prevent their wealth from deteriorating by doing all of the following except
A) holding more cash. B) converting their cash into foreign currencies. C) spending their cash on goods and services. D) investing in financial instruments such as stocks or precious metals.
Economics