According to classical growth theory, economic growth occurs when ________ and economic growth ________.
A) the population increases; does not last forever
B) technology advances; does not last forever
C) the population increases; lasts forever
D) technology advances; lasts forever
E) labor productivity increases; lasts forever
Correct Answer:
Verified
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A)
Q137: Neoclassical growth theory assumes that technological advances
A)
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Q140: Neoclassical growth theory predicts that growth in
Q141: Neoclassical growth theory asserts that
A) population grows
Q142: New growth theory asserts that i. human
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Q144: A central theme of the new growth
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