The most common measure of productivity shocks is known as
A. the Prescott productivity parameter.
B. the Solow residual.
C. the Kydland factor.
D. the Lucas supply curve.
Answer: B
You might also like to view...
Large productivity gains explain:
A. the long-term increase in real wages B. skill-based technological change. C. increasing wage inequality D. high unemployment in Western Europe.
Refer to the data. The average total cost of producing 3 units of output is:
A. $14.
B. $12.
C. $13.50.
D. $16.
Evidence shows that for many people, delaying searching for a job for a year or longer after they are laid off will contribute to a deterioration of their job skills, making it harder for them to find employment
This deterioration in job skills and the subsequent retraining that is necessary to obtain employment relates to which type of unemployment? A) seasonal B) structural C) cyclical D) frictional
The combined effect on the loanable funds market of a new technology that increases the marginal physical product of capital and a shift in consumers' expectation of future prices, now expecting they will be lower than they earlier expected, is a(n)
a. increase in the interest rate b. decrease in the interest rate c. decrease in the quantity demanded and quantity supplied of loanable funds but unclear in what direction the interest rate will change d. increase in the quantity demanded and quantity supplied of loanable funds but unclear in what direction the interest rate will change e. shift in the demand curve to the left and the supply curve of loanable funds to the right