Which of the Following Is True

question 69

Multiple Choice

Which of the following is true?

• A)Achieving full employment, stable prices and a satisfactory external balance in the short run facilitates the achievement of sustainable economic growth in the long run.
• B)Sustainable economic growth is determined by the growth and productivity of the labor force only.
• C)Inflation increases the real value of money balances held.
• D)Increases in inflation increase real after-tax returns.

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Definitions:

Rawls

American political philosopher John Rawls, known for his contributions to political and moral philosophy, especially in the theory of justice as fairness.

Institutions

Organized and established structures or mechanisms of social order governing the behavior of members of a community or society.

Rawls

John Rawls was an American political philosopher in the liberal tradition, best known for his theory of justice as fairness.

Underlying Principles

The fundamental ideas or concepts that form the basis of a system, theory, or philosophy.