monetarism plays a role in economic growth by
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Articulate the functions of modern monetarism and the connection between the Great Depression, the crisis of 2008, and today.
Discuss the implications of government trade policies as they relate to the growth of the economy.
What macroeconomic concepts are used in the theory of open economies?
The growth model in which capital accumulation plays the key role is called the:
A. classical growth model.
B. new growth model.
C. Keynesian model.
D. new classical growth model.
Ā
Recall the Application about adapting growth accounting to new developments in the economy to answer the following question(s). According to this Application, economists Carol Corrado and Charles Hulten found that
A. labour no longer plays a significant role as a source of economic growth.
B. the contributions from traditional capital are still the primary source of economic growth.
C. the combined contributions from tangible capital and intangible capital contributed less to economic growth than technological progress.
D. the combined contributions from tangible capital and intangible capital contributed more to economic growth than technological progress.
