Exam 14: Economic Growth, the Financial System, and Business Cycles

If technological change increases the profitability of new investments for firms,then the ________ curve for loanable funds will shift to the ________.

Countries with high rates of economic growth tend to have

Explain how unemployment changes over the business cycle.Why do these changes occur?

Purchases of Huggies diapers should

When potential GDP increases,is it necessarily the case that real GDP increases as well? Explain.

What is human capital?

When a recession ends

Which of the following would contribute to a sustained high rate of economic growth in the long run in an economy?

A period of expansion in the business cycle ends when

Long-run economic growth requires all of the following except

Table 14-1 Year Real GDP (billions of 2000 dollars) 2010 \ 8,700 2011 8,875 2012 9,000 2013 9,280 -Refer to Table 14-1.Using the table above,what is the approximate average annual growth rate from 2010 to 2013?

Which of the following is not one of the key services provided by the financial system?

Figure 14-2 -Refer to Figure 14-2.Which of the following is consistent with the graph depicted above?

A good measure of the standard of living is

From 1991 until 2001,the United States was in a period of

Purchases of which of the following goods would be dramatically reduced during a recession?

Empirical evidence shows that the impact of government budget deficits and surpluses on the equilibrium interest rate is quite large.

If you spend more of your income on consumption goods,which of the following will occur?

A(n)________ comes to an end with a business cycle ________.

Explain and show graphically how government deficits can "crowd out" private investment.