The growth rates of economies tend to converge because ________ is easier when capital per worker is low and because of?

Related Mcqs:

Real business cycle theory suggests that ____ not important in explaining short-term fluctuations around actual output ?

A. aggregate supply is B. aggregate demand is C. potential output is D. real variables are...

Real business cycles are cycles in ?

A. potential output B. actual output C. real output D. international trade...

The business cycle is not transmitted from one country to another through ?

A. private sector imports and exports B. economic policy C. the duration of compulsory education D. labor supply changes...

The multiplier accelerator model assumes ____ depends on ______?

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

The impossibility of negative gross investment provides a ______ to fluctuation in ______?

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