Given a production function y=A f(k) with A initially equal to 10, an increase from 10f(k) to 20f(k) is more likely due to O a. Technological Innovation O b. An increase in savings rate O c. More capital accumulation O d. None of the above The type of growth promoted by physical capital accumulation is known as: a. Catching up growth Ob. Cutting edge growth c. Imitation growth Od. Technological growth es Let's suppose that the state government of Pythagoras Land establishes an interest rate ceiling of 3 % through a usury law. (The equilibrium interest rate is 5%). One would expect to see... a. A shortage of funds b. A surplus of funds Oc. An equilibrium Od. None of the above Which of the following is an effect of the government borrowing to increase spending? a. A decrease in private investment Ob. An increase in private consumption c. A decrease in interest rates Od. None of the above If a country is at its steady state level of capital, which of the following will NOT result in economic growth in future years ceteris paribus (holding all else equal)? a. Technological Progress b. An increase in savings rate c. Production of more physical capital d. A decrease in depreciation rate What is the national spending identity? a. Y=C+I-G+X-M b. Y=C+I+G+X-M Oc. Y- wages+ profits+rent+ interest rates Od. None of the above