If the Utilization Rates of Capital (U_K)and Labor (U_N)are Procyclical,then

question 26

Multiple Choice

If the utilization rates of capital (u_K) and labor (u_N) are procyclical,then the Solow residual,as conventionally measured,is

• A)Y[(u_K
• K)^a)(u_N
• N)^1-a]
• B)Y / [(u_K
• K)^a)(u_N
• N)^1-a]
• C)A
• D)1/{Y[(u_K
• K)^a)(u_N
• N)^1-a]}

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