In the Malthusian model of economic growth
A) Per capita consumption affects birth rates and death rates.
B) Per capita consumption affects birth rates but not death rates.
C) Per capita consumption affects death rates but not birth rates.
D) Per capita consumption is always constant.
A
Economics
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The long-run aggregate supply curve is vertical
Indicate whether the statement is true or false
Economics
If the market interest rate is 5% and a bank advertises loans at 12%, the bank will receive
A) no applications. B) applications from mostly low-risk borrowers. C) applications from mostly high-risk borrowers. D) a moral hazard.
Economics