Because of the choices people make in the pursuit of profit, new growth theory argues that
A) the economy can enjoy a period of indefinite growth.
B) the capital stock experiences diminishing returns.
C) technology growth slows down in the long- run.
D) population growth increases will bring the real wage rate back to subsistence level.
Correct Answer:
Verified
Q327: Which of the following is NOT associated
Q328: According to the new growth theory, firms
Q329: According to new growth theory .
A) knowledge
Q330: A central proposition of the new growth
Q331: New growth theory proposes that real GDP
Q333: The notion that technological change is not
Q334: New growth theory
A) asserts that population growth
Q335: New growth theory assumes that
A) knowledge does
Q336: According to the new growth theory
A) knowledge
Q337: An important foundation of the new growth
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