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Author Question: Neutral technological progress occurs when a. higher output levels are achieved with the same ... (Read 210 times)

hbsimmons88

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on: Jun 30, 2018
Neutral technological progress occurs when
 
  a. higher output levels are achieved with the same quantity and combinations of factor inputs.
  b. higher output levels are achieved by more capital intensive methods.
  d. higher output levels are achieved by more labor intensive methods.
  e. higher output levels are achieved.

Question 2

How would you describe the consensus of economic thinking on anti-inflationary policies?
 
  What will be an ideal response?


meryzewe

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Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

The basic issue is that money plays a central role. A specific country's economic and political situation may require heterodox measures to control runaway inflation, but these are likely to fail without demand (and money supply) restraint.


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