In the Neoclassical Growth Model Without Technological Progress,in the Steady-State

question 5

Multiple Choice

In the neoclassical growth model without technological progress,in the steady-state the level of capital increases at

• A)the growth of technology plus the growth of population.
• B)the growth of technology plus the growth of population plus depreciation.
• C)the growth of technology.
• D)the growth of population.

Recognize the stakeholders affected by inflation and deflation.

Comprehend the phases of the business cycle and their characteristics.

Distinguish between endogenous and exogenous causes of recessions.

Identify changes in the natural rate of unemployment and factors influencing it.