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Transitioning to a Binary Economy
7 Questions
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Transitioning to a Binary Economy

Created by
@SereneCarnelian

Questions and Answers

What is one potential effect of the slight technical lag between creating money for new capital acquisitions and placing those assets in production?

  • Major and long-term deflationary effect
  • Major and long-term inflationary effect
  • Minor and temporary deflationary effect
  • Minor and temporary inflationary effect (correct)

    • What is the main reason for the author's optimism about the binary growth model?

  • It raises production costs over the mid- to long-term
  • It closes leakages and reintroduces wasted resources (correct)
  • It fosters leakages and wastes of resources
  • It lowers production costs in the short run

    • How would the binary growth model impact the production and sales of marketable goods and services?

  • It would decrease production and sales
  • It would have no impact on production and sales
  • It would have a variable impact on production and sales
  • It would increase production and sales (correct)

    • What are some of the causes of structural inflationary pressures in today's economy?

    <p>Continually rising labor costs and technological improvements</p> Signup and view all the answers

    What are some of the measures that could be taken to adjust for the minor adverse effect mentioned?

    <p>Adopting more enlightened national fiscal and monetary policies</p> Signup and view all the answers

    What does binary economics offer as a new route to accelerated, quality growth without inflation in the U.S. economy?

    <p>Improved framework to move America ahead</p> Signup and view all the answers

    What was the vision of the American Dream?

    <p>Encouraging each person and family to gain income self-sufficiency through ownership of productive assets</p> Signup and view all the answers

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