Author Question: Strategic complementarities may help explain business cycles because such complementarities may lead ... (Read 64 times)

neverstopbelieb · **on:** Jun 30, 2018

Strategic complementarities may help explain business cycles because such complementarities may lead to

A) decreasing returns to scale.
B) constant returns to scale.
C) increasing returns to scale.
D) a downward-sloping labor supply curve.

Question 2

In a Malthusian world, why is misery recurrent?

A) The marginal returns of capital are decreasing.
B) Fertility is endogenous.
C) Output is increasing in labor.
D) Mortality depends on the standard of living.