Author Question: Assume that political business cycles do not exist. Given this assumption, we would expect, all else ... (Read 23 times)

SAVANNAHHOOPER23 · **on:** Jun 30, 2018

Assume that political business cycles do not exist. Given this assumption, we would expect, all else fixed, the output growth to be highest in which period?

A) just prior to an election
B) just after an election
C) in the first year of an administration
D) in the second year of an administration
E) none of the above

Question 2

High growth in the rich countries from 1985 to 2014 was most likely due to

A) a high savings rate.
B) high capital accumulation.
C) technological progress.
D) high consumption rates.
E) monetary policy.