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Author Question: Which of the following is a normative statement about economic growth? A) Economic growth hurts ... (Read 85 times)

rmenurse

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on: Jun 29, 2018
Which of the following is a normative statement about economic growth?
 
  A) Economic growth hurts developing countries.
  B) Economic growth increases GDP per capita.
  C) Foreign direct investment stimulates economic growth.
  D) Economic growth is associated with higher labor productivity growth.

Question 2

Suppose the economy is at full employment and firms become more pessimistic about the future profitability of new investment. Which of the following will happen in the short run?
 
  A) The aggregate demand curve will shift to the right.
  B) Unemployment will rise.
  C) Prices will rise.
  D) Output will rise.


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ryhom

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


rmenurse

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

ryansturges

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Reply 3 on: Yesterday
:D TYSM

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