Multiple Choice
In the long run,by increasing total factor productivity,technological progress
A) reduces both the capital utilization rate and the level of employment
B) creates unemployment
C) prevents the economy from going into a steady state
D) raises the steady-state capital stock
E) reduces the capital-labor ratio
Correct Answer:
Verified
Correct Answer:
Verified
Q7: Cultural and social forces,such as religious prohibitions
Q8: An increase in TFP<br>A) steepens the aggregate
Q9: The historically slow development of the Chinese
Q10: Which of the following is not a
Q11: The next questions refer to the following.<br>Suppose
Q13: Social capital includes<br>A) rent seeking<br>B) corruption<br>C) public
Q14: Increases in human capital<br>A) reduce the marginal
Q15: A sudden technological advance will generally result
Q16: Rent seeking behavior can affect economic growth
Q17: Generally speaking year of schooling are<br>A) Rising