Which of the following is an important factor in the success of agrarian land reform policies?
(a) the introduction of sharecropping.
(b) the introduction of tenant farming.
(c) farmer training programs.
(d) the introduction of more capital intensive methods.
C
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Figure 9-2
Which of the following is true for the economy depicted in ?
a.
Potential output exceeds y1.
b.
When output y1 is achieved, the actual rate of unemployment will exceed the natural rate of unemployment.
c.
When output y1 is achieved, the actual rate of unemployment will be less than the natural rate of unemployment.
d.
When output y1 is achieved, the actual rate of unemployment will equal the economy's natural rate of unemployment.
Refer to the graph below. Assume that the economy is initially in equilibrium at the intersection of AD1 and AS1. Suppose that there is economic growth which shifts AS1 to AS2. Because of the shift from AS1 to AS2, a monetarist following a monetary rule would call for an increase in aggregate demand such that the price level and quantity of real domestic output would be:
A. P4 and Q2
B. P3 and Q2
C. P2 and Q2
D. P1 and Q2