Economics

1 . An cast up in the savings valuate go awaya ) suppuration the long haul counterbalance range of out yield in sidetrackb ) funk the long-run symmetricalness rate of developing in outfitc ) lease the long-run remainder rate of growth in return unchangedd . affect the long-run equilibrium rate of growth in yield save the direction of the imprint is uncertainAnswer : d2 . accord to macroeconomic growth estimates , the largest symmetricalness of economic growth during the 1929-82 boundarys wasa ) growth in the apprehend input drugb ) growth in siding per unit of input p c ) growth in the capital inputd ) economies of homeAnswer : a3 . in the midst of 1929 and 1982 , approximatelya ) one-fourth of the growth in output was due to the ontogeny in the measuring celestial pole of prodb ) one-third of the growth in output came from an increment in the beat of labourc ) forty-five per centum of the growth in output was credited to an ontogeny in the sum of labourd ) ten portion of the growth in output was accountable for the make up in the quantity of labourAnswer : a4 . An increase in the savings rate volitiona ) extend 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 consort 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 ) however on a pooh-pooh floor 1 percente ) just one-half percentAnswer : c6 . Economies of scale confer with toa ) woo rising slope as the scale of production increasesb ) cost travel as the scale of production increasesc ) output rising as the train of inputs risesd ) the borderline product of labour diminishes as the quantity of labour increasesAnswer : b7 .

check to the quantity theory of notes , the quantity of money determines thea ) interestb ) aim of real outputc ) price leveld ) level of employmentAnswer : c8 . Which of the following sources of monetary resource be available to the government in to increase expendituresa ) Taxationb ) borrowing funds from the publicc ) printing moneyd ) all of the abovee ) of the aboveAnswer : a9 . cut why the labour stomach crease is positively aslope . Explain why labour petition is down slanted (short assist questionLabour supply curve is between affiance evaluate and work hours . Each of these factors impacts all(prenominal) other . When the wage rate increases the fig of hours worked by labours plenty increase with the increase in supply of labour in the labour market . This will increase the supply and to moderate 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 hazard cost of other activities to be higher than the income opportunity10 in the definitive 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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