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Author Question: Which of the following is NOT a direct indicator of a society's well-being? a. Changes in average ... (Read 58 times)

captainjonesify

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on: Jun 30, 2018
Which of the following is NOT a direct indicator of a society's well-being?
 a. Changes in average height
  b. Changes in life expectancy
  c. Changes in average weight
  d. Stock of nuclear weapons

Question 2

Discuss the consensus on the adjustment process after the crisis.
 
  What will be an ideal response?


cclemon1

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

d. Stock of nuclear weapons

Answer to Question 2

The crisis has raised a larger issue, about the adjustment process through which output returns to its natural level. If there is a consensus, it might be that with respect to small shocks and normal fluctuations, the adjustment process works, and policy can accelerate this return; but that, in response to large, exceptional shocks, the normal adjustment process may fail, the room for policy may be limited, and it may take a long time for the economy to repair itself.


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