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(I) Governments that respect property rights and freedom of exchange while following monetary (and fiscal) policies consistent with relative price stability, establish the foundation for economic growth. (II) Governments have often diminished the economic prospects of a nation by levying high taxes, instituting price controls, and following inflationary monetary policies.
a. I is true; II is false.
b. I is false; II is true.
c. Both I and II are true.
d. Both I and II are false.

Respuesta :

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Answer:

c. Both I and II are true

Explanation:

For economic growth,Governments always respect property rights and freedom of exchange for monetary and fiscal policies to make them consistent  with relative price stability. These steps established the foundation for economic growth. Governments have often diminished the economic prospects of a nation by levying high taxes, instituting price controls, and following inflationary monetary policies.