Prescott Interpreted Fluctuations in the Solow Residual as Evidence That

question 31

Multiple Choice

Prescott interpreted fluctuations in the Solow residual as evidence that:

• A)technology shocks are an important source of short-run economic fluctuations.
• B)the Solow growth model does not converge to a steady-state equilibrium.
• C)endogenous growth models are better explanations of growth than the Solow model.
• D)the marginal product of labour fluctuates more than the marginal product of capital.

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Cultural Change

The transformation of the customs, beliefs, arts, and institutions of a society over time, influenced by internal and external factors.

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The time period in television programming that captures the highest viewership, typically evening hours when audiences are the largest.

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