Question
hey how are you ? a)You give a choice to live in a country with high level of GDP and low growth rate or to
hey how are you ?
a)You give a choice to live in a country with high level of GDP and low growth rate or to live in a low level of GDP and a high growth rate, which option would you choose and why?
b)Assume a hypothetical society that decides to reduce consumption (production of consumption goods) and increase investment (production of capital goods).
i.How would this change affect economic growth?
ii. What groups in society would benefit from this change? What groups might be hurt?
Can you please write the problems with the Consumer Price Index.
What is fiat money? What is commodity money? Which kind do we use?
Please explain in short and write in normal English
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