Category: Long Term Economic Growth

A. sun spot theory
B. multiplier accelerator model
C. Solow theory
D. New classical theory

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

A. Increasing government expenditure
B. reducing taxation
C. increasing the money supply
D. encouraging technological progress

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. Public investment in education
B. Innovation and the application of new technology
C. The phase of the lunar cycle
D. Private investment in new physical caital

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

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

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.

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