Refer to Table 8-27. What is the level of personal income for this economy?

A) $1,140 billion B) $1,010 billion C) $990 billion D) $860 billion

B

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Describe the Malthusian Cycle

What will be an ideal response?

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One requirement for an effective nominal anchor is ________

A) price stability B) credibility C) fixed exchange rates D) rational expectations

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