Rapid population growth in Malthus's theory is constrained through:
A) higher fertility and reduced mortality. B) reduced fertility and higher mortality.
C) higher fertility and mortality. D) reduced fertility and mortality.
B
Economics
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Explain the relationship between real GDP and potential GDP during the two phases of the business cycle
What will be an ideal response?
Economics
A recessionary gap means that the level of real GDP at the short-run macroeconomic equilibrium
A) is less than full-employment GDP. B) equals full-employment GDP. C) is more than full-employment GDP. D) may be less than, more than, or the same as full-employment GDP depending on the level of potential GDP.
Economics