Author Question: In the coordination failure model, we mention sunspots because A) they influence business cycles. ... (Read 122 times)

809779 · **on:** Jun 30, 2018

In the coordination failure model, we mention sunspots because

A) they influence business cycles.
B) apparently irrelevant events may influence business cycles.
C) in central banker speak, they are synonymous with open market operations.
D) seasonal sunshine has an impact on the business cycle.

Question 2

Growth accounting, popularized by Robert Solow, attempts to attribute a change in aggregate output

A) to its most important single cause.
B) separately between changes in government policy and changes in total factor productivity.
C) separately between changes in total factor productivity and changes in the supplies of factors of production.
D) separately between changes in the supplies of factors of production and changes in government policy.