Author Question: Which of the following factors are included in the determination of growth rates of output in the ... (Read 54 times)

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

Which of the following factors are included in the determination of growth rates of output in the intermediate run?

a. Variations in the rates of capital formation.
b. Growth in the labor force that results from growth in the working age population as well as changes in labor force participation rates.
c. Variations in the rate of technological change.
d. All of the above
e. None of the above

Question 2

One important difference between early and later Keynesians is that

a. early Keynesians were more skeptical of the use of monetary policy.
b. early Keynesians were more skeptical of the use of fiscal policy.
c. early Keynesians believed that monetary policy was responsible for the Great Depression.
d. early Keynesians thought that fluctuations in investment and not consumption drove the Great Depression.
e. both a and d.