Long Term Economic Growth

A. There is a role for fiscal policy
B. There is a role for monetary policy
C. There is a role for supply-side policy
D. There is a role for stabilizing output ever the business cycle

A. ceiling, stock building
B. ceiling, capital prices
C. floor, output
D. floor, the capital-output ratio

A. consumption expected future profits
B. investment, interest rates
C. investment expected future profits
D. stock building interest rates

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