Multiple Choice
Which statement best describes the effect of printing money to finance government expenditures on the Canadian economy?
A) It accounts for 10 percent of government revenue.
B) It accounts for less than 1 percent of government revenue.
C) Printing money imposes a tax on net borrowers.
D) Printing money causes the nominal interest rate to decrease.
Correct Answer:
Verified
Correct Answer:
Verified
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