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Author Question: In the early 1990s, European unemployment rose largely because of A) reductions in stock prices. ... (Read 87 times)

rosent76

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on: Jun 30, 2018
In the early 1990s, European unemployment rose largely because of
 
  A) reductions in stock prices.
  B) undervalued currencies.
  C) overvalued currencies.
  D) high inflation.
  E) none of the above

Question 2

Is it possible for a country to experience a permanent increase in output per worker over time? If so, how can this occur?
 
  What will be an ideal response?


atrochim

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Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

Yes, it is possible for sustained growth to occur. For sustained growth to occur, technological progress must occur. Changes in the saving rate will not cause sustained changes in growth rates.


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rosent76

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Reply #2 on: Jun 30, 2018
Thank you


atrochim

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Reply #3 on: Jun 30, 2018
No problemo


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