Which of the following is not one of the questions left unanswered at the end of the text?
A) What are the best institutions in a wide range of settings?
B) Why do countries have different investment rates,technologies,and total factor productivity levels?
C) What is the relationship between money and output in the very long run?
D) How can policymakers lock in the credibility gains in monetary policy and the low inflation that have been achieved?
E) How do we measure potential output,and therefore short-run output,in practice?
Correct Answer:
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Q5: In the short run,
A)inflation has inertia.
B)the classical
Q6: The Asian and Argentinean crises have led
Q7: As a country devotes more of its
Q7: Which of the following has not contributed
Q9: In the long run,the classical dichotomy holds,
A)money
Q12: According to the principle of transition dynamics,we
Q13: The credibility of the central bank:
A) promotes
Q13: In the late 1990s,it was likely that:
A)the
Q14: Which of the following has not contributed
Q15: Different rates of economic growth across countries
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