The Monetary Growth Rule is setting a steady growth rate in: Group of answer choices: a. employment. b. productivity. c. the money supply. d. GDP. please help!
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- Governor Mitch Daniels advocates that the government intervene less in business to promote jobs and ultimately economic growth. Instead, he argues to have government put factors in place that promote job growth such as lower taxes and more infrastructure. Is this an appropriate method to promote growth? Are there alternatives where the government can intervene that are more efficient than the market?1.3 Economists who have studied economic growth find strong evidence for convergence among countries between 1980 and 2000................... (True/False)How can an economy experience economic growth with no inflation? An economy can experience economic growth with no inflation if _______. A. it does not engage in international trade B. the government has a balanced budget C. aggregate demand increases at the same pace as potential GDP D. aggregate demand increases at a faster rate than potential GDP
- What do you believe is more of a problem towards long-term economic growth: persistent inflation or unemployment? justify your answer.2) If real GDP in a small country in 2020 is $21.5 billion and real GDP in the same country in 2021 is $22.4 billion, the growth rate of real GDP between 2020 and 2021 A) is 0.90%. B) is 4.02%. C) is 4.19%. D) is 9.00%. Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.Question 6a. Graphically depict the Golden rule level of capital. Label all points clearly. b. Explain the concept of the Golden rule level of capital. c. Why might the Golden Rule steady state be preferred to the initial steady state?d. Look at the hypothetical data below:Real GDP per capitaNigeria $1,000Mexico $8,000China $15,000United States $33,000Fact is, changes in income over time explains economic growth of a country. Using two sources of growth, account for the large differences in income per capita across these countries?e. Discuss three policies governments can use to promote economic growth.
- As productivity growth in an economy is picking up, then a. Inflation is restrained b. Inflation accelerates c. GDP declines d. Consumer incomes declineA converging economy is one that Group of answer choices is classified as a high-income country, setting the benchmark for economic growth does not experience inflation has the capacity to catch up with leaders in technology will probably be politically less tolerant of inflation than high-income countriesWhat issues is the FOMC concerned about that are impacting economic growth? What impact does the Fed funds target rate have on the economy and what might the FOMC do to combat inflation and why? What specific economic indicators does the Fed discuss and how do they impact the economy?
- How the monetary policy would be able to manage inflation while managing economic growth?A reason that the United States has the largest economy in the world because ________.A. American workers are very productive.B. it has the most land to work with.C. it has a smaller population to support.D. All of the responses are correct.27) Perhaps the best measure of economic progress is _____A. the annual inflation rate, since it accounts for what is happening to prices.B. the growth rate of real GDP per capita, since it takes into account both price changes and population growth.C. the annual growth rate in the population.D. the amount of working time needed for an individual worker to afford certain goods and services.Governor Mitch Daniels advocates that the government intervene less in business to promote jobs and ultimately economic growth. Instead, he argues to have government put factors in place that promote job growth such as lower taxes and more infrastructure. Is this an appropriate method to promote growth? Are there alternatives where the government can intervene that are more efficient than the market? Explain your answer.