A. aggregate supply is
B. aggregate demand is
C. potential output is
D. real variables are
Correct Answer: aggregate demand is ✔
Last Updated: June 18, 2019
Related MCQs
- Real business cycle theories suggest that _____ to correct departures from the desired growth path?
- The impossibility of negative gross investment provides a ____ to fluctuation in ______?
- The multiplier accelerator model assumes ____ depends on ______?
- All of the following are parts of the business cycle except ?
- The business cycle describes fluctuations in output around the?
- The neoclassical theory of growth identifier the steady state rate of growth as the ____ just sufficient to keep _____ constant while labor grows?
- GDP per head may be an imperfect measure of economic welfare because it excludes ?
- Governments can stimulate productivity by ?
- A combined measure of productivity that takes account of both labor and capital productivity is known as ?
- The belief that the rate of growth depends upon technological progress facilitated by institutions incentives and government is known as ________ growth theory?
- The growth path resulting from technological progress for a given saving rate is known as the ?
- The long run equilibrium level of national income is the level at which ?
- The best way to achieve economic growth is to ?
- The idea of convergence of GDP in Europe suggests that ?
- Real business cycle theorists argue that _________ can explain short- and long-term fluctuation in output?
- The business cycle is not transmitted from one country to another through ?
- Real business cycles are cycles in ?
- The theory that explains business cycles by the dynamic interaction of consumption and investment demand is the ?
- The growth rates of economies tend to converge because ________ is easier when capital per worker is low and because of?
- Economic growth may depend upon _____ and _____?
- In the neoclassical theory of growth a higher saving rate leads to ?
- Potential output can be increased by ____ or by ______?
- Supply side policies are considered effective in ?
- Identify below what does NOT affect productivity ?
- Policies to encourage productivity do not include ?
- The percentage of the working age population that is part of the workforce is known as the ?
- The golden-rule saving rate is the rate of saving that ?
- Identify below what is NOT considered to be a cause of economic growth ?
- Economic growth is important because ?