In the Malthusian model, an improvement in the technology of growing food is likely to
A) increase the equilibrium size of the population and increase the equilibrium level of consumption per worker.
B) increase the equilibrium size of the population and decrease the equilibrium level of consumption per worker.
C) increase the equilibrium size of the population and have no effect on the equilibrium level of consumption per worker.
D) have no effect on the equilibrium size of the population and increase the equilibrium level of consumption per worker.
C
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Indicate whether the statement is true or false
GDP data alluding to the start of a recession in January 2015 was published and analyzed by the Fed in July 2015. The Fed then had to hold meetings to formulate a monetary policy to deal with the recession, and then enact the chosen policy
This exemplifies a(n) A) recognition lag. B) implementation lag. C) impact lag. D) liquidity lag.
Ray Tucker has run his company, Tucker's Towing and Wrecking, for two years and has made an accounting profit of $34,000 each year. As long as Tucker's Towing continues to make accounting profits, it is rational for it to remain in the towing business
a. True b. False Indicate whether the statement is true or false
Which of the following is a major problem with deflation?
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