Exam 10: Economic Growth, the Financial System, and Business Cycles

Labor productivity is

Countries with high rates of economic growth tend to have

Public saving in the economy can be increased by

Scenario 10-1 Consider the following data for a closed economy: Y = $12 trillion C = $8 trillion I= $2 trillion G = $2 trillion TR = $2 trillion T = $3 trillion -Refer to Scenario 10-1.Based on the information above,what is the level of public saving?

If taxes are less than transfers plus government spending,then

What two factors are the keys to determining labor productivity?

Economic growth depends more on technological change than on increases on capital per hour worked.

When a recession ends,

The supply of loanable funds has a ________ slope because the greater the interest rate,the ________ the reward to saving,and the ________ the quantity of loanable funds supplied.

There is public dissaving if

Since 1950,recessions in the United States

Which of the following is most likely to be able to sustain economic growth in an economy?

An increase in the real interest rate results in which of the following?

Which of the following increases labor productivity?

In terms of economic growth,the key measure of the standard of living is

Equilibrium in the loanable funds market determines

Since 1950,expansions in the United States have become ________,while recessions have become ________.

Since 1900,real GDP per capita has ________ and this measure ________ the actual growth in standards of living in the United States over this time.

An increase in the real interest rate does which of the following?

An increase in public saving has what impact on the market for loanable funds?