Per-capita real economic growth refers to an increase from one period to the next in

Economists now tend to believe that the most productive approach to ending poverty is to

a. make more and better education available b. make sure there is a job for everyone c. provide subsidies to people who earn less than a poverty-level wage d. provide subsidies to businesses to hire poor people e. none of the above

In the figure above, illustrates the effect of an increased rate of money supply growth at time period 0. From the figure, one can conclude that the

A) liquidity effect is smaller than the expected inflation effect and interest rates adjust quickly to changes in expected inflation. B) liquidity effect is larger than the expected inflation effect and interest rates adjust quickly to changes in expected inflation. C) liquidity effect is larger than the expected inflation effect and interest rates adjust slowly to changes in expected inflation. D) liquidity effect is smaller than the expected inflation effect and interest rates adjust slowly to changes in expected inflation.