Question 1

In the endogenous growth model presented in the text,

Accepted Answer

A)  consumption grows faster than human capital. 
B)  human capital grows faster than consumption. 
C)  both consumption and human capital grow at the same rate. 
D)  neither consumption nor human capital grows in the steady-state. 
E)  consumption and human capital grow at varying rates. 
A)  consumption grows faster than human capital. 
B)  human capital grows faster than consumption. 
C)  both consumption and human capital grow at the same rate. 
D)  neither consumption nor human capital grows in the steady-state. 
E)  consumption and human capital grow at varying rates.

Question 2

In the Solow growth model,

Accepted Answer

A)  higher total factor productivity results in no long-run change in consumption per capita. 
B)  higher consumption per capita causes the population to increase. 
C)  a country with higher total factor productivity has higher per capita income. 
D)  business cycles explain differences in income per capita across countries. 
E)  the model predicts that growth ultimately stops and all countries look the same. 
A)  higher total factor productivity results in no long-run change in consumption per capita. 
B)  higher consumption per capita causes the population to increase. 
C)  a country with higher total factor productivity has higher per capita income. 
D)  business cycles explain differences in income per capita across countries. 
E)  the model predicts that growth ultimately stops and all countries look the same.

In the endogenous growth model presented in the text,

In the Solow growth model,

Introduction

Measurement

Business Cycle Measurement

Consumer and Firm Behaviour: The Work–Leisure Decision and Profit Maximization

A Closed-Economy One-Period Macroeconomic Model

Search and Unemployment

Economic Growth: Malthus and Solow

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

A Monetary Intertemporal Model: Money, Banking, Prices, and Monetary Policy

Business Cycle Models with Flexible Prices and Wages

New Keynesian Economics: Sticky Prices

Inflation: Phillips Curves and Neo-Fisherism

International Trade in Goods and Assets

Money in the Open Economy

Money, Inflation, and Banking: A Deeper Look

Filters

Exam 8: Income Disparity among Countries and Endogenous Growth

In the endogenous growth model presented in the text,

In the Solow growth model,

Introduction

Measurement

Business Cycle Measurement

Consumer and Firm Behaviour: The Work–Leisure Decision and Profit Maximization

A Closed-Economy One-Period Macroeconomic Model

Search and Unemployment

Economic Growth: Malthus and Solow

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

A Monetary Intertemporal Model: Money, Banking, Prices, and Monetary Policy

Business Cycle Models with Flexible Prices and Wages

New Keynesian Economics: Sticky Prices

Inflation: Phillips Curves and Neo-Fisherism

International Trade in Goods and Assets

Money in the Open Economy

Money, Inflation, and Banking: A Deeper Look

Filters