Author Question: If an epidemic hits a Malthusian economy, the long-term consequence is A) an increase in the ... (Read 92 times)

nevelica · **on:** Jun 30, 2018

If an epidemic hits a Malthusian economy, the long-term consequence is

A) an increase in the standard of living.
B) a reduction in the standard of living.
C) no change in the standard of living.
D) dependent on the population growth rate.

Question 2

Inflation targeting makes more sense than unemployment targeting, because ________.

A) monetary policies affect inflation, not unemployment
B) expected unemployment is not a key determinant of the unemployment rate
C) a commitment to avoid high inflation is inherently more credible than a commitment to avoid high unemployment
D) most voters and most elected officials are more concerned about inflation