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Macroeconomics 11th Edition by Michael Parkin
Edition 11ISBN: 9780133423884Macroeconomics 11th Edition by Michael Parkin
Edition 11ISBN: 9780133423884 Exercise 16
Growth Theories, Evidence, and Policies
The Productivity Watch
According to former Federal Reserve chairman Alan Greenspan, IT investments in the 1990s boosted productivity, which boosted corporate profits, which led to more IT investments, and so on, leading to a nirvana of high growth.
Which of the growth theories that you've studied in this chapter best corresponds to the explanation given by Mr. Greenspan?
The Productivity Watch
According to former Federal Reserve chairman Alan Greenspan, IT investments in the 1990s boosted productivity, which boosted corporate profits, which led to more IT investments, and so on, leading to a nirvana of high growth.
Which of the growth theories that you've studied in this chapter best corresponds to the explanation given by Mr. Greenspan?
Explanation
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According to the new growth theory growt...
Macroeconomics 11th Edition by Michael Parkin
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