Exam 12: Business cycles and economic growth

Leading indicators are the most important indicators of recession.

Which of the following is not an example of technological progress?

Some scientists have suggested that technology may be subject to:

Variables that change before real GDP changes are measured by the:

Contrary to the original Solow model,many economists today claim that technological progress may be _____ to long-term economic growth.

A country can still enjoy sustained increases in living standards even if it does not enjoy technological progress.

If the GDP gap is zero,we can conclude that:

If a country has no technological progress,the only way for it to have long-term increases in living standards is by:

The GDP gap is the difference between:

Exhibit 12-1 Business cycle -In Exhibit 12-1,point E represents a:

Which of the following can improve labour productivity?

The Solow growth model was the first economic model to show that long-term increases in living standards depended crucially on:

Macroeconomic policies involve:

Endogenous growth theory suggests technological progress may have substantial positive externalities for society as a whole

Which of the following is not a lagging indicator?

The period during which real output falls during a business cycle is called:

The business cycle is the:

A business cycle is:

A trough represents the highest point in a recession phase.

Economic indicators (e.g.unemployment claims and the average working week),which change before real GDP changes,are called: