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Author Question: What does Simon Kuznet's (1958) study on the U.S. economy show? (a) Short swings in the U.S. ... (Read 26 times)

beccaep

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on: Jun 30, 2018
What does Simon Kuznet's (1958) study on the U.S. economy show?
 
  (a) Short swings in the U.S. business cycles but steady, stable growth in
  Real Gross Domestic Product
  (b) Immigrants to the U.S. were attracted by the secular increases in U.S. real wages
  and incomes
  (c) A decrease, not increase, in net U.S. migration from 1860 to 1910
  (d) No movement in capital, only humans, across the Atlantic economy
  from 1860 to 1910

Question 2

The idea that hysteresis plays a role in macroeconomics implies that
 
  a. monetary policy can have an effect on the natural rate of unemployment.
  b. workers can overreact to changes in monetary policy.
  c. stabilization policy is ineffective and counterproductive.
  d. fiscal policy is ineffective and counterproductive.


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otokexnaru

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

(b)

Answer to Question 2

A


beccaep

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Reply #2 on: Jun 30, 2018
Correct answers!


otokexnaru

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Reply #3 on: Jun 30, 2018
Great! Please up vote :D


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