Empirical evidence shows a positive correlation between and .
A)inflation; financial development
B)deflation; economic growth
C)high rates of money growth; economic growth.
D)economic growth; financial development

Question

Quizplus · Accepted Answer

Empirical evidence shows a positive correlation between economic growth and financial development, as a well-developed financial system can provide the necessary funding and efficient allocation of resources to facilitate economic growth.

Empirical Evidence Shows a Positive Correlation Between and