Which of the following is NOT one of the questions left unanswered at the end of the text?
A) What are the best institutions in a wide range of settings?
B) Why do countries have different investment rates, technologies, and total factor productivity levels?
C) What is the relationship between money and output in the very long run?
D) How can policymakers lock in the credibility gains in monetary policy and the low inflation that have been achieved?
E) How do we measure potential output, and therefore short-run output, in practice?
Correct Answer:
Verified
Q1: In the short run:
A) inflation has inertia.
B)
Q2: Different rates of economic growth across countries
Q3: In the long run, the unemployment rate
Q5: Which of the following has NOT contributed
Q6: Which of the following has NOT contributed
Q7: The accurate calculation of potential output is
Q8: In the short run, tight monetary policy
Q9: In the late 1990s, it was likely
Q10: In the long run, the classical dichotomy
Q11: When the government has a deficit, it
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