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What are the potential disadvantages of growth?
The potential disadvantages of growth are as follows:
• Raised pollution,
• Depletion of non renewable natural resources
• The advantages may be narrowly distributed to the rich
• Growth might be unsustainable and threaten the well being of future generations.
c) Explain why perfectly competitive markets lead to an allocatively efficient allocation of resources in the long run
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a small country produces 5000 units of output and has a money suplly of $2000. if citizens want to hold 10% of their income in money ie k=0.1 what are v, $gnp, p and real money sup
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