In the classical model, potential output cannot be increased by ? – McqOptions

MCQOPTIONS

1.	In the classical model, potential output cannot be increased by ?
A.	monetary growth
B.	better technology
C.	more capital
D.	higher labor supply
Answer» B. better technology

Discussion

No Comment Found

Related MCQs

Which school of economic thought suggested that one possible cause of inflation was a ‘push’ from the cost side ?
When economists use the term real business cycle theory they are suggesting that business cycles are caused by ?
We would normally expect the size of the labor force to be _____ than the number or workers willing to accepts job offers at any real wage rate ?
Those who hold the classical view of the labor market are likely to believe that ?
The view of the Phillips curve that prevailed in the 1960s implied that policies that ?
The Short run Phillips curve can shift in response to changes in ?
The relative-wage explanation for the existence of downwardly sticky wages emphasizes ?
The quantity theory of money says that changes in ____lead to equivalent changes in ____ but have no effect on ______?
The Phillips curve shows the trade-off between _____ and _____?
The Phillips curve is a graph showing the relationship between ?