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Author Question: When government spending is completely crowded out, the economy must have A) perfect capital ... (Read 54 times)

wrbasek0

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on: Jun 30, 2018
When government spending is completely crowded out, the economy must have
 
  A) perfect capital mobility.
  B) floating exchange rates.
  C) both A and B.
  D) broken the rules. Government spending cannot be completely crowded out.

Question 2

Explain the role of risk and uncertainty in an analysis of the economic behavior of peasant farmers. What kinds of questions does this analysis enable us to answer?
 
  What will be an ideal response?


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fwbard

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

C

Answer to Question 2

Answers may be expected to vary according to lecture topics, with some discussion of why peasant production decisions are rational. See the section in the text that discusses sharecropping.


wrbasek0

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

nyrave

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Reply 3 on: Yesterday
Excellent

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