The most common measure of productivity shocks is known as
A)the Solow residual.
B)the Lucas supply curve.
C)the Prescott productivity parameter.
D)the Kydland factor.

Question

Quizplus · Accepted Answer

The most common measure of productivity shocks is the Solow residual, which is the portion of output growth that cannot be explained by changes in inputs such as capital and labor.

The Most Common Measure of Productivity Shocks Is Known as