Category: Long Term Economic Growth

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

A. trend path of output
B. boom
C. recession
D. short-run fluctuations in output

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

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

A. People want less crime
B. People want to be happier
C. People want a better environment
D. People want higher incomes and more consumer goods.

A. boom
B. slump
C. recovery
D. acceleration

A. gets the highest rate of interest
B. maximizes the level of long-run investment
C. maximizes the level of long-run consumption
D. maximizes human capital

A. Population size, x-efficiency
B. Population age distribution, education
C. Population growth technical progress
D. Population growth education

A. the value of leisure
B. Externalities
C. Untraded goods
D. Change in the distribution of income
E. All of the above

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