35) Solow residuals are estimates of ________. A) deadweight loss B) the natural

ID: 1098873 • Letter: 3

Question

35) Solow residuals are estimates of ________.

A) deadweight loss

B) the natural rate of unemployment

C) aggregate productivity

D) labor hoarding

36) The primary source of shocks to potential output and long-run supply for real business cycle theorists is ________.

A) changes in the money supply.

B) a change in the price of complements.

C) a change in any of the components of aggregate demand.

D) shocks to productivity.

37) According to real business cycle theory, a likely cause of an increase in employment is ________.

A) an increase in the real wage

B) an increase in aggregate demand

C) a decrease in the real wage

D) a decrease in the real interest rate

35) C) aggregate productivity

36) D) shocks to productivity.

37) A) an increase in the real wage

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