In many of the sub-Saharan African nations:
A. population is growing more rapidly than food production.
B. population growth is causing deforestation and diminished land quality.
C. governments have favored investment in industry and military spending rather than
investment for agriculture.
D. all of these have been true.
D. all of these have been true.
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The rational expectations theory indicates that expansionary policy will:
a. stimulate real output in the long run but not in the short run. b. expand real output and employment if the public quickly anticipates the effects of the expansionary policy. c. equalize real and nominal interest rates during lengthy periods of inflation. d. fail to increase employment because individuals will anticipate it and take actions that will offset its impact.
Given the value of marginal product of labor, the higher the wage rate, the higher the number of workers employed
Indicate whether the statement is true or false