A Small Change in the Rate of Productivity Growth Will

question 127

Multiple Choice

A small change in the rate of productivity growth will have:

• A)a small impact on output in both the short run and the long run.
• B)a large impact on output in both the short run and the long run.
• C)a small impact on output in the short run but a large impact in the long run.
• D)a large impact on output in the short run but a small impact in the long run.
• E)no effect on output at all.

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Definitions:

Criticisms

The expression of disapproval based on perceived faults or mistakes, or the analysis and judgment of the merits and faults of a literary or artistic work.

Cultural Capital

The non-financial social assets that promote social mobility beyond economic means, including education, intellect, style of speech, and appearance.

Microsociology

The level of analysis that studies face-to-face and small-group interactions in order to understand how they affect the larger patterns and structures of society.

Macrosociology

The level of analysis that studies large-scale social structures in order to determine how they affect the lives of groups and individuals.