Question 1

A coincident indicator:

Accepted Answer

A) highlights future changes in economic growth. 
B) highlights previous changes in economic growth. 
C) highlights current changes in economic growth. 
D) always runs countercyclically to the business cycle. 
E) highlights future inflation. 
A) highlights future changes in economic growth. 
B) highlights previous changes in economic growth. 
C) highlights current changes in economic growth. 
D) always runs countercyclically to the business cycle. 
E) highlights future inflation.

Question 2

Which of the following is not an example of government policy in line with the endogenous growth model?

Accepted Answer

A) Tax incentives for spending on research and development. 
B) Increased public spending on research and development. 
C) Patent protection for private firms. 
D) Increased spending on roads. 
A) Tax incentives for spending on research and development. 
B) Increased public spending on research and development. 
C) Patent protection for private firms. 
D) Increased spending on roads.

Question 3

Over the past century,virtually all countries have experienced long-term growth of:

Accepted Answer

A) zero per cent. 
B) 2 per cent. 
C) 3 per cent. 
D) various rates. 
A) zero per cent. 
B) 2 per cent. 
C) 3 per cent. 
D) various rates.

Question 4

In terms of the Solow growth model,the recent situation in Japan is perhaps an example of where a country has:

Accepted Answer

A) failed to increase its savings to the optimal rate. 
B) been consistently able to achieve its optimal savings rate. 
C) exceeded its optimal savings rate. 
D) put too much emphasis on current consumption at the expense of future generations. 
A) failed to increase its savings to the optimal rate. 
B) been consistently able to achieve its optimal savings rate. 
C) exceeded its optimal savings rate. 
D) put too much emphasis on current consumption at the expense of future generations.

A coincident indicator:

Which of the following is not an example of government policy in line with the endogenous growth model?

Over the past century,virtually all countries have experienced long-term growth of:

In terms of the Solow growth model,the recent situation in Japan is perhaps an example of where a country has:

Thinking like an economist

Production possibilities and opportunity cost

Market demand and supply

Markets in action

Elasticity of demand and supply

Production costs

Perfect competition

Monopoly

Monopolistic competition and oligopoly

Policy issues: resource taxes and climate change

Measuring the size of the economy

Inflation and unemployment

A simple model of the macro economy

The monetary and financial system

Macroeconomic policy I: monetary policy

Macroeconomic policy II: fiscal policy

International trade and finance

Applying graphs to economics

Filters

Exam 12: Business cycles and economic growth

A coincident indicator:

Which of the following is not an example of government policy in line with the endogenous growth model?

Over the past century,virtually all countries have experienced long-term growth of:

In terms of the Solow growth model,the recent situation in Japan is perhaps an example of where a country has:

Thinking like an economist

Production possibilities and opportunity cost

Market demand and supply

Markets in action

Elasticity of demand and supply

Production costs

Perfect competition

Monopoly

Monopolistic competition and oligopoly

Policy issues: resource taxes and climate change

Measuring the size of the economy

Inflation and unemployment

A simple model of the macro economy

The monetary and financial system

Macroeconomic policy I: monetary policy

Macroeconomic policy II: fiscal policy

International trade and finance

Applying graphs to economics

Filters