-Refer to Exhibit 14-1

question 77

Multiple Choice

-Refer to Exhibit 14-1.A continued increase in the money supply by the Fed is likely to take the economy along which of the following paths?

• A) A-E-B-H-C
• B) A-D-B-I-C
• C) A-D-F-H-C
• D) A-D-B-H-C
• E) A-E-B-I-C

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Definitions:

Demographic Transition

A theory describing the transition from high birth and death rates to low birth and death rates as a country develops from a pre-industrial to an industrialized economic system.

Per Capita Incomes

The average income earned per person in a given area or country.

Birth Rates

A rephrased: The frequency of live births in a given population, measured as the number of births per 1000 individuals per year.