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Practice Questions

David Hume on interest Practice Questions

Hume argued that a higher money supply would lead to ______________________. *

a. higher prices

b. lower prices

c. neither higher nor lower prices

According to Hume, ________________ is a cause of low interest. *

a. low demand for borrowing

b. small profits arising from commerce

c. both a. and b.

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Great Economists Classical Economics and Its Forerunners

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