Attempts: Average: 1 AaAa 4. Institutions matter Suppose it is the year 2525, an
ID: 1149133 • Letter: A
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Attempts: Average: 1 AaAa 4. Institutions matter Suppose it is the year 2525, and you are considering emigrating from your home country. The fictional country of Klaxon has the same policies and institutions as your home country, except that Klaxon has greater political stability. If you based your decision to emigrate solely on the prospects for economic growth, you wouldimmigrate to Klaxon immigrate to Klaxon remain in your home country QNA 3.16 © 2004-2016 Aplia. All rights reserved Grade It Now Save & Continue 2013 Cengage Learning except as noted. All rights reserved Continue without savingExplanation / Answer
1) The fictional country of Kiaxon has the same policies and institutions as your home country, except that Kiaxon has greater political stability. If you based your decision to emigrate solely on the prospects for economic growth, you would immigrate to Kiaxon
Explanation: I would prefer to migrate to countries that have political stability (poitical freedom), geographic proximity, economic opportunities, and cultural similarity.
2) Solution: The U.S. Treasury is responsible for regulating the supply of money in the U.S. economy
Explanation: The U.S. Treasury decides to print money as it operates and owns printing presses. But the Federal Reserve has control of the money supply
An increase in the money supply faster than the growth in real output will causes inflation. There have been evidences in the past that monetary and fiscal policy can make recession worse if not done properly.
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