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Author Question: According to economists Robert Lucas and Thomas Sargent, the apparent short-run trade-off between ... (Read 154 times)

hubes95

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on: Jun 29, 2018
According to economists Robert Lucas and Thomas Sargent, the apparent short-run trade-off between unemployment and inflation in the 1950s and 1960s was the result of
 
  A) unexpected changes in fiscal policy. B) unexpected changes in monetary policy.
  C) expected changes in monetary policy. D) expected changes in fiscal policy.

Question 2

Compare the scale of agricultural production in the advanced and devel-oping economies. In which is the percentage higher? In which is the total amount produced greater?
 
  What will be an ideal response?


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Galvarado142

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

Agricultural is a small part of total production in advanced economies. It is a much larger part in developing economies. Even though advanced economies devote only a small part of their total production to agriculture, they still produce about one third of the world's total produc-tion of food. The remaining two thirds is produced in the developing na-tions.


hubes95

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

scottmt

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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