Answer: The correct answer is : zero ; the rate of technological progress
Explanation: In the Solow growth model with population growth and technological change, the steady-state growth rate of income per person depends on the rate of technological progress. According to the Solow model, persistently rising living standards can only be explained by technological progress.
The first alternative is correct.
Political economy can often be conflicting.
The main instruments of economic policy are monetary policy and fiscal policy. Both can be used to stimulate or discourage the economy. In this way, when they are adopted with the opposite sign, they are an example of conflict, as described in this exercise.
If the government wants to stimulate the economy through increased spending (expansionary fiscal policy), it will be injecting money into the economy. However, the main cause of inflation is excess currency in circulation. Thus, a contractionary monetary policy aims to wipe out the supply of money to contain inflation. That is, the first measure is inflationary to stimulate the economy, but the second is anti-inflationary, however contractionary.
<em>"Suppose the government and the Federal Reserve have conflicting goals. The government wants to encourage economic growth by </em><em>increasing spending</em><em>, but the Federal Reserve wants to decrease inflation by </em><em>decreasing the money supply</em><em>".</em>
Where are the following terms
Answer:
The FBI only employed 48 African Americans out of a total of 13,649 and these 48 were nearly all chauffeurs. Kennedy did more than any president before him to have more African Americans appointed to federal government posts. In total, he appointed 40 to senior federal positions including five as federal judges.
Explanation:
