In the Malthusian model, state-mandated population control policies are likely to
A) decrease the equilibrium size of the population and increase the equilibrium level of consumption per worker.
B) decrease the equilibrium size of the population and have no effect on the equilibrium level of consumption per worker.
C) have no effect on the equilibrium size of the population and increase the equilibrium level of consumption per worker.
D) have no effect on either the equilibrium size of the population or the equilibrium level of consumption per worker.
A
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Assume that foreign capital flows into a nation rise due to expected increases in stock market appreciation. If the nation has highly mobile international capital markets and a fixed exchange rate system, what happens to the real risk-free interest rate and real GDP in the context of the Three-Sector-Model? a. The nominal exchange rate remains the same and monetary base rises
b. The nominal exchange rate remains the same and monetary base falls. c. The nominal exchange rate and monetary base fall. d. The nominal exchange rate and monetary base remain the same. e. There is not enough information to determine what happens to these two macroeconomic variables.
If the long-run average total cost curve is rising as output increases, then the firm faces diseconomies of scale.
Answer the following statement true (T) or false (F)