Author: Adden wafa

A. boom
B. slump
C. recovery
D. acceleration

A. trend path of output
B. boom
C. recession
D. short-run fluctuations in output

A. saving, investment
B. capital per person, productivity
C. labor growth, output
D. investment capital per person

A. the value of leisure
B. Externalities
C. Untraded goods
D. Change in the distribution of income
E. All of the above

A. Imposing higher taxes on capital
B. encouraging more labour intensive work to reduce unemployment
C. reducing spending in education
D. encouraging private investment

A. total exploitation
B. labour/capital productivity
C. total factor productivity
D. total productivity

A. endogenous
B. exogenous
C. beta
D. convergence

A. Steady state growth path
B. Steady state invention rate
C. Steady state level of output
Unsteady state growth path

A. economic growth is Zero
B. All investment is used in the manufacturing sector
C. Economic growth is growing
D. All investment is used to maintain the existing capital stock at its current level

A. increase government spending
B. reduce taxation
C. save more
D. increase personal consumption