). The money creation (seigniorage) to finance government purchases  a.is inferior to a non distortionary tax in terms of welfare  b.has the same effects in welfare as a non distortionary tax c.has better welfare effects compared to a non distortionary tax d.is the optimal policy in terms of welfare   ii).  What is the optimal monetary policy in an economy with growing population n>1?  a. z=1 b. z<1 c. z=n d. z>1

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