A study concludes that in DVCs rising incomes must first be achieved and only then will there be slower population growth. What view of DVC population growth would it be supporting?

Suppose a professor gives up her teaching job to devote her time to writing textbooks. If the salaries of professors rise, her

a. accounting profit will rise b. accounting profit will fall c. explicit costs will rise d. economic profit from textbooks will fall e. economic profit from textbooks will rise

Deflation:

a. under the current trends will cause consumers' purchasing power to shrink. b. has been persistent in the U.S. economy since the Great Depression. c. was prevalent during the oil shocks of the 1970s. d. none of these choices.