Long Term Economic Growth Mcqs

1.

Real business cycle theories suggest that _____ to correct departures from the desired growth path?

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

Answer & Solution Discuss in Board

2.

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

Answer & Solution Discuss in Board

3.

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

Answer & Solution Discuss in Board

4.

All of the following are parts of the business cycle except ?

A. boom

B. slump

C. recovery

D. acceleration

Answer & Solution Discuss in Board

5.

The business cycle describes fluctuations in output around the?

A. trend path of output

B. boom

C. recession

D. short-run fluctuations in output

Answer & Solution Discuss in Board

6.

The neoclassical theory of growth identifier the steady state rate of growth as the just sufficient to keep _ constant while labor grows?

A. saving, investment

B. capital per person, productivity

C. labor growth, output

D. investment capital per person

Answer & Solution Discuss in Board

7.

GDP per head may be an imperfect measure of economic welfare because it excludes ?

A. the value of leisure

B. Externalities

C. Untraded goods

D. Change in the distribution of income

E. All of the above

Answer & Solution Discuss in Board

8.

Governments can stimulate productivity by ?

A. Imposing higher taxes on capital

B. encouraging more labour intensive work to reduce unemployment

C. reducing spending in education

D. encouraging private investment

Answer & Solution Discuss in Board

9.

A combined measure of productivity that takes account of both labor and capital productivity is known as ?

A. total exploitation

B. labour/capital productivity

C. total factor productivity

D. total productivity

Answer & Solution Discuss in Board

10.

The belief that the rate of growth depends upon technological progress facilitated by institutions incentives and government is known as ________ growth theory?

A. endogenous

B. exogenous

C. beta

D. convergence

Answer & Solution Discuss in Board

Practice MCQ Questions and answers on Long Term Economic Growth Mcqs

1. Real business cycle theories suggest that _____ to correct departures from the desired growth path?

Answer & Solution

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

Answer & Solution

3. The multiplier accelerator model assumes ____ depends on ______?

Answer & Solution

4. All of the following are parts of the business cycle except ?

Answer & Solution

5. The business cycle describes fluctuations in output around the?

Answer & Solution

6. The neoclassical theory of growth identifier the steady state rate of growth as the ____ just sufficient to keep _____ constant while labor grows?

Answer & Solution

7. GDP per head may be an imperfect measure of economic welfare because it excludes ?

Answer & Solution

8. Governments can stimulate productivity by ?

Answer & Solution

9. A combined measure of productivity that takes account of both labor and capital productivity is known as ?

Answer & Solution

10. The belief that the rate of growth depends upon technological progress facilitated by institutions incentives and government is known as ________ growth theory?

Answer & Solution

Read More Section(Economics Mcqs)

1.

Real business cycle theories suggest that _____ to correct departures from the desired growth path?

2.

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

3.

The multiplier accelerator model assumes depends on __?

4.

All of the following are parts of the business cycle except ?

5.

The business cycle describes fluctuations in output around the?

6.

The neoclassical theory of growth identifier the steady state rate of growth as the just sufficient to keep _ constant while labor grows?

7.

GDP per head may be an imperfect measure of economic welfare because it excludes ?

8.

Governments can stimulate productivity by ?

9.

A combined measure of productivity that takes account of both labor and capital productivity is known as ?

10.

The belief that the rate of growth depends upon technological progress facilitated by institutions incentives and government is known as ________ growth theory?