Economics Mcqs — Test 40
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Question 1
The growth path resulting from technological progress for a given saving rate is known as the ?
Question 2
The belief that the rate of growth depends upon technological progress facilitated by institutions incentives and government is known as ________ growth theory?
Question 3
A combined measure of productivity that takes account of both labor and capital productivity is known as ?
Question 4
The theory that explains business cycles by the dynamic interaction of consumption and investment demand is the ?
Question 5
Real business cycle theory suggests that ____ not important in explaining short-term fluctuations around actual output ?
Question 6
Real business cycles are cycles in ?
Question 7
The business cycle is not transmitted from one country to another through ?
Question 8
Real business cycle theorists argue that _________ can explain short- and long-term fluctuation in output?
Question 9
The idea of convergence of GDP in Europe suggests that ?
Question 10
In the neoclassical theory of growth a higher saving rate leads to ?