Question 1

Those that believe that the recent period of slow growth is the new normal that we need to get used to

Accepted Answer

A) Believe that the causes of older growth (increases in the labor force participation rate and the use of energy to replace people power)are still available 
B) Believe we are on the cusp of a period of new (artificial intelligence-based)innovations 
C) Believe we have to hope for the best 
D) Believe that the causes of older growth (increases in the labor force participation rate and the use of energy to replace people power)are unavailable because they are a one-and-done. 
A) Believe that the causes of older growth (increases in the labor force participation rate and the use of energy to replace people power)are still available 
B) Believe we are on the cusp of a period of new (artificial intelligence-based)innovations 
C) Believe we have to hope for the best 
D) Believe that the causes of older growth (increases in the labor force participation rate and the use of energy to replace people power)are unavailable because they are a one-and-done.

Question 2

Economic growth, as measured by increases in real per-capita GDP, exceeded 2% during the

Accepted Answer

A) 1950s, 1960s, 1970s and 1980s 
B) 1980s, 1990s, 2000s and 2010s 
C) 1960s, 1970s, and 1980s 
D) 2000s and 2010s 
A) 1950s, 1960s, 1970s and 1980s 
B) 1980s, 1990s, 2000s and 2010s 
C) 1960s, 1970s, and 1980s 
D) 2000s and 2010s

Question 3

If a candidate for political office was espousing a "pro-growth" agenda and was focused on universal and free college education, this would have its greatest impact on growth through which source?

Accepted Answer

A) An increase in the number of workers 
B) An increase in the productivity of workers 
C) An increase in economic freedom 
D) None of these 
A) An increase in the number of workers 
B) An increase in the productivity of workers 
C) An increase in economic freedom 
D) None of these

Question 4

The slowing rate of population growth in the US after 2000 (from 1.8% per year to 0.9% per year)

Accepted Answer

A) was a significant reason behind the slowing of economic growth during that period. 
B) was entirely countered by an opposite trend in immigration so growth was nearly zero. 
C) was more than countered by an opposite trend in immigration so growth was robust. 
D) should have been a source of growth but wasn't. 
A) was a significant reason behind the slowing of economic growth during that period. 
B) was entirely countered by an opposite trend in immigration so growth was nearly zero. 
C) was more than countered by an opposite trend in immigration so growth was robust. 
D) should have been a source of growth but wasn't.

Question 5

Those that believe that the recent period of slow growth will pass and that higher levels of growth can be created through liberal policies focus on

Accepted Answer

A) redistributive tax alone 
B) increased government spending alone 
C) entitlement spending alone 
D) redistributive tax and entitlement spending as well as on increased government spending 
A) redistributive tax alone 
B) increased government spending alone 
C) entitlement spending alone 
D) redistributive tax and entitlement spending as well as on increased government spending

Question 6

The high school graduation rate rose from 45% to 85% from 1950 to 1980 and this

Accepted Answer

A) was a significant source of economic growth during that period. 
B) was entirely countered by an opposite trend among men so growth was slow. 
C) was more than countered by an opposite trend among men so growth was negative. 
D) should have been a source of growth but wasn't. 
A) was a significant source of economic growth during that period. 
B) was entirely countered by an opposite trend among men so growth was slow. 
C) was more than countered by an opposite trend among men so growth was negative. 
D) should have been a source of growth but wasn't.

Question 7

The percentage of the population in the two higher income classes (defined by Pew as having more than 200% of median family income) declined from more than 60% in the 1970s to 50% in 2015. Economists see the decline in the middle class as a

Accepted Answer

A) cause of the decline in growth, not a consequence of it. 
B) consequence of the decline in growth, not a cause of it. 
C) Unrelated to the decline in growth. 
D) Both a cause and a consequence of the decline in growth. 
A) cause of the decline in growth, not a consequence of it. 
B) consequence of the decline in growth, not a cause of it. 
C) Unrelated to the decline in growth. 
D) Both a cause and a consequence of the decline in growth.

Question 8

The labor force participation rate among both men and women 25 to 54 fell after 2000 and this

Accepted Answer

A) was a significant reason behind the slowing of economic growth during that period. 
B) was entirely countered by an opposite trend for those over 55 so growth was nearly zero. 
C) was more than countered by an opposite trend for those over 55 so growth was rapid. 
D) should have been a source of growth but wasn't. 
A) was a significant reason behind the slowing of economic growth during that period. 
B) was entirely countered by an opposite trend for those over 55 so growth was nearly zero. 
C) was more than countered by an opposite trend for those over 55 so growth was rapid. 
D) should have been a source of growth but wasn't.

Question 9

Those that believe that the recent period of slow growth will pass and that higher levels of growth can be created through conservative policies focus on

Accepted Answer

A) Deregulation alone 
B) pro-business tax policies alone 
C) redistributive tax and entitlement spending 
D) both deregulation and pro-business tax policies 
A) Deregulation alone 
B) pro-business tax policies alone 
C) redistributive tax and entitlement spending 
D) both deregulation and pro-business tax policies

Question 10

The innovations that allowed from robust economic growth between 1950 and 2000

Accepted Answer

A) were unrepeatable. 
B) were repeated in the period after 1980 but didn't have the same impact 
C) were never really that important 
D) were focused on entertainment 
A) were unrepeatable. 
B) were repeated in the period after 1980 but didn't have the same impact 
C) were never really that important 
D) were focused on entertainment

Question 11

World economic growth, as measured by increases in real per-capita GDP, was essentially zero during the period

Accepted Answer

A) 1300-1750 
B) 1750-1860 
C) 1865-1929 
D) 1946-1980 
A) 1300-1750 
B) 1750-1860 
C) 1865-1929 
D) 1946-1980

Question 12

The percentage of the population in the middle-class (defined by Pew as having income between 67% and 200% of median family income)

Accepted Answer

A) declined from more than 60% in the 1970s to 50% in 2015 
B) declined from more than 60% in the 1970s to 20% in 2015 
C) remained constant at 60% from the 1970s to 2015 
D) increased from the 1970s to 2015 
A) declined from more than 60% in the 1970s to 50% in 2015 
B) declined from more than 60% in the 1970s to 20% in 2015 
C) remained constant at 60% from the 1970s to 2015 
D) increased from the 1970s to 2015

Question 13

The innovations from 2000 and today

Accepted Answer

A) were unrepeatable. 
B) were the same as those in the period prior to 1980 but didn't have the same impact 
C) were never really that important 
D) were focused on entertainment 
A) were unrepeatable. 
B) were the same as those in the period prior to 1980 but didn't have the same impact 
C) were never really that important 
D) were focused on entertainment

Question 14

Those that believe that the recent period of slow growth will pass and that higher levels of growth can be anticipated

Accepted Answer

A) Believe that the causes of older growth (increases in the labor force participation rate and the use of energy to replace people power)are still available 
B) Believe we are on the cusp of a period of new (artificial intelligence-based)innovations 
C) Believe we have to get used to slower growth and hope for the best 
D) Have blind faith and not much else. 
A) Believe that the causes of older growth (increases in the labor force participation rate and the use of energy to replace people power)are still available 
B) Believe we are on the cusp of a period of new (artificial intelligence-based)innovations 
C) Believe we have to get used to slower growth and hope for the best 
D) Have blind faith and not much else.

Question 15

World economic growth, as measured by increases in real per-capita GDP, exceeded 2% during the period

Accepted Answer

A) 1865-1929 
B) 1946-1980 
C) 1946-2015 
D) 2009-2015 
A) 1865-1929 
B) 1946-1980 
C) 1946-2015 
D) 2009-2015

Question 16

The productivity rose rapidly between 1950 and 2000 through in use of carbon-based energy and the lighting of factories (allowing for 24/7/365 operations)and this

Accepted Answer

A) was a significant source of economic growth during that period. 
B) was entirely countered by an opposite trend among men so growth was slow. 
C) was more than countered by an opposite trend among men so growth was negative. 
D) should have been a source of growth but wasn't. 
A) was a significant source of economic growth during that period. 
B) was entirely countered by an opposite trend among men so growth was slow. 
C) was more than countered by an opposite trend among men so growth was negative. 
D) should have been a source of growth but wasn't.

Question 17

When high school graduation and college graduation rates increased during the 1960s through the 1980s, this had its greatest impact on growth through which source?

Accepted Answer

A) An increase in the number of workers 
B) An increase in the productivity of workers 
C) An increase in economic freedom 
D) None of these 
A) An increase in the number of workers 
B) An increase in the productivity of workers 
C) An increase in economic freedom 
D) None of these

Question 18

The labor force participation rate among both men and women 25 to 54 ____ from 2000 to today

Accepted Answer

A) Stayed relatively constant 
B) Rapidly vacillated 
C) Rose dramatically 
D) Fell (particularly for men) 
A) Stayed relatively constant 
B) Rapidly vacillated 
C) Rose dramatically 
D) Fell (particularly for men)

Question 19

Economic growth, as measured by increases in real per-capita GDP, was at its weakest during

Accepted Answer

A) 1970s 
B) 1980s 
C) 1990s 
D) 2000s and 2010s 
A) 1970s 
B) 1980s 
C) 1990s 
D) 2000s and 2010s

Question 20

The tightening of credit standards after the Great Recession

Accepted Answer

A) was a significant reason behind the slowing of economic growth during that period. 
B) was entirely countered by an opposite trend in regulation so was nearly zero. 
C) was more than countered by an opposite trend in regulation so growth was robust. 
D) should have been a source of growth but wasn't. 
A) was a significant reason behind the slowing of economic growth during that period. 
B) was entirely countered by an opposite trend in regulation so was nearly zero. 
C) was more than countered by an opposite trend in regulation so growth was robust. 
D) should have been a source of growth but wasn't.

Exam 15: Is Economic Stagnation the New Normal

Those that believe that the recent period of slow growth is the new normal that we need to get used to

Economic growth, as measured by increases in real per-capita GDP, exceeded 2% during the

If a candidate for political office was espousing a "pro-growth" agenda and was focused on universal and free college education, this would have its greatest impact on growth through which source?

The slowing rate of population growth in the US after 2000 (from 1.8% per year to 0.9% per year)

Those that believe that the recent period of slow growth will pass and that higher levels of growth can be created through liberal policies focus on

The high school graduation rate rose from 45% to 85% from 1950 to 1980 and this

The percentage of the population in the two higher income classes (defined by Pew as having more than 200% of median family income) declined from more than 60% in the 1970s to 50% in 2015. Economists see the decline in the middle class as a

The labor force participation rate among both men and women 25 to 54 fell after 2000 and this

Those that believe that the recent period of slow growth will pass and that higher levels of growth can be created through conservative policies focus on

The innovations that allowed from robust economic growth between 1950 and 2000

World economic growth, as measured by increases in real per-capita GDP, was essentially zero during the period

The percentage of the population in the middle-class (defined by Pew as having income between 67% and 200% of median family income)

The innovations from 2000 and today

Those that believe that the recent period of slow growth will pass and that higher levels of growth can be anticipated

World economic growth, as measured by increases in real per-capita GDP, exceeded 2% during the period

The productivity rose rapidly between 1950 and 2000 through in use of carbon-based energy and the lighting of factories (allowing for 24/7/365 operations)and this

When high school graduation and college graduation rates increased during the 1960s through the 1980s, this had its greatest impact on growth through which source?

The labor force participation rate among both men and women 25 to 54 ____ from 2000 to today

Economic growth, as measured by increases in real per-capita GDP, was at its weakest during

The tightening of credit standards after the Great Recession

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