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Author Question: A change in the growth rate of a country of one percentage point annually has A) a large impact ... (Read 43 times)

big1devin

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on: Jun 30, 2018
A change in the growth rate of a country of one percentage point annually has
 
  A) a large impact on the economy in the current year, but not in the future.
  B) a large impact in the future due to compounding.
  C) a small impact in the current year, and smaller impact in the future because of compounding.
  D) very little impact on the economy of a country.

Question 2

Say's law explains
 
  A) how long-run real Gross Domestic Product (GDP) stability is achieved in the Keynesian model.
  B) why economies experience business cycles.
  C) how the economy can go into recession.
  D) how long-term real Gross Domestic Product (GDP) stability is achieved in the classical model.


enass

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

B

Answer to Question 2

D


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