Question 1

We are assuming that returns to scale are

Accepted Answer

A)  scalable. 
B)  constant. 
C)  increasing. 
D)  zero. 
A)  scalable. 
B)  constant. 
C)  increasing. 
D)  zero.

Question 2

As the quantity of capital increases,the marginal product of capital

Accepted Answer

A)  does not change. 
B)  increases. 
C)  decreases. 
D)  may either increase or decrease. 
A)  does not change. 
B)  increases. 
C)  decreases. 
D)  may either increase or decrease.

Question 3

The substitution effect measures

Accepted Answer

A)  the responses of quantities to changes in the relative prices of goods. 
B)  the responses of relative prices to changes in the demand for goods. 
C)  how two goods can be used for the same purpose. 
D)  the responses of quantities to changes in the relative qualities of goods. 
A)  the responses of quantities to changes in the relative prices of goods. 
B)  the responses of relative prices to changes in the demand for goods. 
C)  how two goods can be used for the same purpose. 
D)  the responses of quantities to changes in the relative qualities of goods.

We are assuming that returns to scale are

As the quantity of capital increases,the marginal product of capital

The substitution effect measures

Introduction

Measurement

Business Cycle Measurement

A Closed-Economy One-Period Macroeconomic Model

Search and Unemployment

Economic Growth: Malthus and Solow

Income Disparity Among Countries and Endogenous Growth

A Two-Period Model: The Consumption-Savings Decision and Credit Markets

Credit Market Imperfections: Credit Frictions, Financial Crises, and Social Security

A Real Intertemporal Model with Investment

Money, Banking, Prices, and Monetary Policy

Business Cycle Models with Flexible Prices and Wages

New Keynesian Economics: Sticky Prices

International Trade in Goods and Assets

Money in the Open Economy

Money, Inflation, and Banking

Inflation, the Phillips Curve, and Central Bank Commitment

Filters

Exam 4: Consumer and Firm Behavior: The Work-Leisure Decision and Profit Maximization

We are assuming that returns to scale are

As the quantity of capital increases,the marginal product of capital

The substitution effect measures

Introduction

Measurement

Business Cycle Measurement

A Closed-Economy One-Period Macroeconomic Model

Search and Unemployment

Economic Growth: Malthus and Solow

Income Disparity Among Countries and Endogenous Growth

A Two-Period Model: The Consumption-Savings Decision and Credit Markets

Credit Market Imperfections: Credit Frictions, Financial Crises, and Social Security

A Real Intertemporal Model with Investment

Money, Banking, Prices, and Monetary Policy

Business Cycle Models with Flexible Prices and Wages

New Keynesian Economics: Sticky Prices

International Trade in Goods and Assets

Money in the Open Economy

Money, Inflation, and Banking

Inflation, the Phillips Curve, and Central Bank Commitment

Filters