Why do we analyze the steady state in the Malthusian model?
A) Because that is all we know how to do.
B) Because there is a non-steady state that is not interesting.
C) Because this is the Pareto optimum.
D) Because the long run equilibrium of the model is the steady state.
D
Economics
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The possibility that the economy may benefit from having market power, rather than being very competitive, is closely identified with which famous economist?
A) Arnold Harberger B) Donald Turner C) Joseph Schumpeter D) Sergey Brin
Economics
If interest rates are falling, then, ceteris paribus,
A) bond holders are suffering capital losses. B) bond prices are rising. C) the liquidity demand for money will be falling. D) income must be rising.
Economics