The inflation rate is 8 percent, and the central bank is considering slowing the rate of money growth to reduce inflation to 4 percent. Economist Darnell believes that expectations of inflation change quickly in response to new policies, whereas economist Jacques believes that expectations are very sluggish. Economist Felix is more likely to favor using contractionary policy to reduce inflation than economist Carlos.

a. True
b. False

Gdp has grown in a country at 3% per year for the last 20 years. the labor force has grown at 2% per year and the quantity of physical capital has grown at 4% per year. a 1% increase in average physical capital per worker (other things equal) raises productivity by 0.3%. average education has not changed. how much has growing physical capital per worker contributed to productivity growth in this country? choose the correct answer from the following choices, and then select the submit answer button. answer choices 0.3% 0.6% 3.0% 6.0%