Question
True, False, or Uncertain. Please declare whether each of the following statements is True, False, or Uncertain. Provide a short justification for your answer. 1.
True, False, or Uncertain. Please declare whether each of the following statements is True, False, or Uncertain. Provide a short justification for your answer.
1. A model with capital accumulation but no technological change predicts that output per worker will fall over time.
2. Productivity growth is bad for low-skilled workers.
3. Okun's Law says that a decrease in the natural rate of unemployment raises the growth rate of potential output.
4. The Philips-Curve relation says that inflation tends to rise when the rate of growth of actual output exceeds the growth rate of potential output.
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