Author Question: If a nation remains poor over time, it could be that: a. c and e. b. d and e. c. the population ... (Read 30 times)

vHAUNG6011 · **on:** Jun 30, 2018

If a nation remains poor over time, it could be that:
a. c and e.
b. d and e.
c. the population growth rate is at least as much as the national GDP growth rate.
d. the per capita real GDP growth rate is larger than the population growth rate.
e. the national real GDP growth rate is lower than the population growth rate.

Question 2

Long-run full-employment equilibrium assumes:
a. a downward-sloping production function.
b. a downward-sloping long-run supply curve (LRAS).
c. the CPI index price level equals the equilibrium wage rate.
d. the CPI equals aggregate demand (AD) equals short-run aggregate supply (SRAS) equals long-run aggregate supply (LRAS).