Economics

1 . An cast up in the savings calculate imparta ) ontogeny the long-run equilibrium put of outdevelopment in sidetrackb ) funk the long-run equilibrium rate of issue in outfitc ) star topology the long-run equilibrium rate of growth in end p magnetic poleuct unchangedd . affect the long-run equilibrium rate of growth in output but the direction of the imprint is uncertainAnswer : d2 . jibe to macroeconomic growth estimates , the largest proportion of economic growth during the 1929-82 arrests wasa ) growth in the labour stimulant drugb ) growth in output per unit of input p c ) growth in the capital inputd ) economies of scaleAnswer : a3 . in the midst of 1929 and 1982 , approximatelya ) one-fourth of the growth in output was due to the ontogeny in the measuring rod of labourb ) one-third of the growth in output c ame from an increment in the beat of labourc ) forty-five share of the growth in output was credited to an increase in the sum of labourd ) ten percent of the growth in output was accountable for the increase in the quantity of labourAnswer : a4 . An increase in the savings rate pull up stakesa ) lead to a permanent increase in output-per- determineerb ) lead to a temprary increase in output-per workerc ) lead to a decline in output-per-workerd ) not change output-per-workerAnswer : d5 According to macroeconomic data , during the 1929-1982 period , real output grew at an yearbook rate ofa ) 1 .4 percentb ) 0 .6 percentc ) 2 .9 perfectd ) just on a glower floor 1 percente ) exactly one-half percentAnswer : c6 . Economies of scale mean toa ) woo rising as the scale of production increasesb ) cost travel as the scale of production increasesc ) output rising as the train of inputs risesd ) the marginal product of labour diminishes as the quantity of labour increasesAnswer : b7 .

According to the quantity theory of coin , the quantity of money determines thea ) interestb ) level of real outputc ) price leveld ) level of employmentAnswer : c8 . Which of the following sources of funds are available to the government in to increase expendituresa ) Taxationb ) borrowing funds from the publicc ) printing moneyd ) all of the abovee ) of the aboveAnswer : a9 . self-justification why the labour allow curve is positively lean . Explain why labour assume is downward slanted (short assist questionLabour supply curve is between lease rate and work hours . Each of these factors impacts each other . When the wage rate increases the fig of hours worked by labours can increase with the increase in supply of labour in the labour market . This will increase the supply and to maintain the equilibrium the demand will lessen . This is the reason for the downward sloping of labour demand . With the income effect of individual labour who may find fortune cost of other activities to be higher than the income opportunity10 in the classic macroeconomic model , an increase in the real wage would causea...If you penury to get a full essay, order it on our website: OrderCustomPaper.com

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