Author Question: The endogenous growth model predicts that A) there is convergence in incomes per capita across ... (Read 70 times)

Awilson837 · **on:** Jun 30, 2018

The endogenous growth model predicts that

A) there is convergence in incomes per capita across countries.
B) output per capita is constant.
C) rich countries will always become poor.
D) differences in per capital incomes across countries persist forever.

Question 2

In the new Keynesian model, the immediate effect on inflation of an anticipated aggregate demand shock is ________.

A) less than if that event was unanticipated
B) greater than if that event was unanticipated
C) the same as would develop if that event was unanticipated
D) independent of whether or not that event is anticipated or unanticipated