Question: Please choose one answer for each question: Endogenous growth theory assumes that growth can be generated by.. O a. No diminishing marginal product. O b.


Please choose one answer for each question:





Endogenous growth theory assumes that growth can be generated by.. O a. No diminishing marginal product. O b. Increasing returns to scale. O c. Positive externalities. O d. All of the others are correct.The difference between disinflation and deflation is... O a. Deflation is when the average price is falling and disinflation is when the average price is rising at a slower rate. O b. Deflation is when inflation is falling and disinflation is when the average price is falling. O c. Disinflation is when you insult inflation but deflation is when you just take the air out of it. O d. Disinflation occurs after an inflationary gap and deflation occurs after a recessionary gap.The major difference between the GDP implicit price deflator and the CPI is the deflator is based on and the CPI is based on O a. All final goods and services produced; a basket of some goods and services consumed. O b. Some final goods and services produced; a basket of all goods and services consumed. O c. All final goods and services consumed; a basket of some goods and services produced. O d. Some final goods and services consumed; a basket of all goods and services produced.An increase in the marginal propensity to import causes the aggregate expenditure curve to... O a. Shift up. O b. Get flatter. O c. Get steeper. O d. Shift down.An economy's aggregate production function is often assumed to exhibit returns to scale and marginal product. O a. Constant; diminishing. O b. Constant; constant. O c. Decreasing; diminishing. O d. Decreasing; constant
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