When the inflation rate rises, the purchasing power of nominal income:

With an increase in the capital stock, the short-run aggregate supply curve

A) remains as it is. B) shifts rightward. C) shifts leftward. D) becomes steeper.

In the neoclassical growth model, the rate of technological process is:

a. 2 percent. b. 0 percent. c. exogenous and not explained. d. endogenous and explained by human capital accumulation.