Multiple Choice
According to long-run growth models, which of the following is least likely to increase potential output?
A) Increased levels of entrepreneurship
B) Higher levels of saving and capital accumulation
C) Increased aggregate demand
D) More rapid development of growth-compatible institutions
Correct Answer:
Verified
Correct Answer:
Verified
Q4: Small differences in growth rates can create
Q5: The Indian government is known for creating
Q6: If legally owning a business can spur
Q7: Markets help to promote growth by:<br>A)increasing specialization
Q8: Which of the following would tend to
Q10: Economists treat potential output differently when considering
Q11: If output increases by 2 percent and
Q12: Robert Lucas reflects the view of many
Q13: When the government of India lowered tariff
Q14: Economic growth causes:<br>A)the production possibility curve to