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Module 40: Economic Growth in Macroeconomic Models Flashcards | StudBud
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Module 40: Economic Growth in Macroeconomic Models
Module 40: Economic Growth in Macroeconomic Models
6 terms
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StudBud Administration
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113 plays
It is about economic growth
Flashcards
6 cards
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Practice quiz
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Questions
6
Answers
1
In the Aggregate demand-aggregate supply model, long-run economic growth is shown by a...
Rightward shift of the SRAS Curve
Rightward shift of the AD Curve
Rightward shift of the LRAS Curve
Leftward shift of the AD curve
2
The reduction in the value of an asset due to wear and tear is known as...
Reduction
Negative Investment
Depreciation
Cheapening
3
Which of the following is listed among the key sources of growth in potential output?
Expansionary monetary policy
Investment in consumer goods
Investment in Human Capital
Expansionary fiscal policy
4
In the PPC model, long run economic growth is shown by a...
Inward Shift of the PPC
Outward Shift of the PPC
Movement from a point on the PPC to a point below the PPC
Movement from a point below the PPC to a point on the PPC
5
Long run growth depends almost entirely on...
Falling Productivity
Rising Productivity
Biscuits
Population Growth
6
Investing in what shifts the Production Possibilities Curve the quickest?
Human Capital
Robots
Consumer Goods
Physical Capital, Human Capital, and Tech R & D
