If printing of money creates higher inflation, then why may underdeveloped nations print too much money? (Choose One) Money behaves differently in those economies. They believe more money is better. It is easier for them to borrow money. No other nations wish to fund their public projects.
If printing of money creates higher inflation, then why may underdeveloped nations print too much money? (Choose One) Money behaves differently in those economies. They believe more money is better. It is easier for them to borrow money. No other nations wish to fund their public projects.
Chapter11: Gross Domestic Product
Section: Chapter Questions
Problem 16SQ
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Question
If printing of money creates higher inflation, then why may underdeveloped nations print too much money? (Choose One)
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Money behaves differently in those economies.
-
They believe more money is better.
-
It is easier for them to borrow money.
-
No other nations wish to fund their public projects.
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