The long run equilibrium level of national income is the level at which ?

Related Mcqs:

The percentage of the working age population that is part of the workforce is known as the ?

A. workers B. non-slackers C. diligent rate D. participation rate...

Policies to encourage productivity do not include ?

A. building more retail outlets B. encouraging risk-taking C. encouraging innovation D. encouraging R & D...

Real business cycle theorists argue that _________ can explain short- and long-term fluctuation in output?

A. imperfect labor markets B. rational expectations C. intertertemporal decisions of households, firms and government D. sun spot cycles...

The idea of convergence of GDP in Europe suggests that ?

A. All countries will eventually join the EEC B. Poorer countries have higher capital/labour ratios than richer countries. C. The gap between countries GDP per head will widen D. Poorer less developed countries will catch up with richer ones....

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...