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Wasnt sure if he distributed money equally if it would increase gdp in long run Quiz Instructions Question 1 1 pts You have been tasked
Wasnt sure if he distributed money equally if it would increase gdp in long run
Quiz Instructions Question 1 1 pts You have been tasked with advising the dictator of a nation over what he should do to increase the countries GDP. He suggests printing money and increasing the growth rate of the money supply. He wants to give this newly printed currency to his soldiers and best political supporters. You know this will not increase GDP in the long run because.. 1. Money is neutral Il. Increasing the growth of the money supply only causes inflation in the long run Ill. He would only increase GDP in the long run if he distributed the money equally to all citizens IV. He would only increase GDP in the long run only if he printed a large enough sum of money Ill only O I, II, and Ill only I and II only O I, II, In, and IVStep by Step Solution
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