Author Question: The credit supply curve is: A) horizontal. B) vertical. C) downward sloping. D) upward ... (Read 106 times)

javeds · **on:** Jun 30, 2018

The credit supply curve is:

A) horizontal. B) vertical.
C) downward sloping. D) upward sloping.

Question 2

Describe the Malthusian Cycle.

What will be an ideal response?

dlook33 · **Reply #1 on:** Jun 30, 2018

Answer to Question 1

D

Answer to Question 2

Malthusian cycle refers to the preindustrial pattern in which increases in aggregate income lead to an expanding population, which in turn reduces income per capita and puts a downward pressure on population. The cycle starts with an increase in GDP above the subsistence level, which in turn fuels population growth, which increases the pressure on existing resources and reduces GDP per capita.