Author Question: In the Malthusian model, an improvement in the technology of growing food is likely to A) ... (Read 120 times)

faduma · **on:** Jun 30, 2018

In the Malthusian model, an improvement in the technology of growing food is likely to

A) increase the equilibrium size of the population and increase the equilibrium level of consumption per worker.
B) increase the equilibrium size of the population and decrease the equilibrium level of consumption per worker.
C) increase the equilibrium size of the population and have no effect on the equilibrium level of consumption per worker.
D) have no effect on the equilibrium size of the population and increase the equilibrium level of consumption per worker.

Question 2

The strength of the movement in the short-run aggregate supply schedule, in response to an aggregate demand shock is determined by ________.

A) the price elasticity of demand
B) the credibility of the monetary authorities
C) the underlying state of the economy
D) the choice of nominal anchors