If the economy is fully employed, then the inflationary costs of expansionary policy are likely to be:
a. low, and the unemployment gains minimal.
b. low, and the unemployment gains large.
c. high, and the unemployment gains minimal.
d. high, and the unemployment gains large.
Question 2
Which of the following is not a probable consequence of food aid to developing countries?
a. Increased domestic food prices
b. Declining domestic output
c. Misallocation of food supplies
d. Increased dependency on foreign food supplies
e. Increased starvation of the needy
Increasing Costs of Natural Disasters
This chart illustrates the four quadrants in which we can place the relationships between the state
Should We Prolong Life at all Costs?
Scientific monitoring with environmental policy (SOER)
International Economics: Theory and Policy (10th Edition)
Please fully explain in detail