Question 25 1 pts The Singaporean government strongly encourages firms to have wages that adjust according to the profitability of the firm, so that recessions are less painful. The Singaporean government is O Trying to make the SRAS curve more horizontal O Recognizing the truth of the Quantity Theory of Money O Engaging in Aggregate Demand management O Wrong to do so as markets equilibrate instantaneously without the help of government O Pursuing the policy goal of price and wage flexibility-a more vertical SRAS curve Question 26 1 pts The Malthusian trap is where economic growth is arithmetic and population growth is exponential explains why countries are rich today O explains why the rich are rich and the poor are poor is where economic growth is exponential and population growth is arithmetic W A