Which of the following ideas apply to the neoclassical growth theory?
I. The rate of technological change influences the rate of economic growth.
II. Technological change promotes saving and investment.
III. Convergence of economic growth rates across countries.
A) I only
B) I and II
C) I, II and III
D) III only
Correct Answer:
Verified
Q311: Within neoclassical growth theory, technological change _
Q312: The neoclassical growth theory says, in part,
Q313: In neoclassical growth theory, technological change .
A)
Q314: Neoclassical growth theory is based on the
Q315: Economics became known as the "Dismal Science"
Q317: Neoclassical growth theory
A) makes no predictions about
Q318: Which of the following ideas apply to
Q319: According to neoclassical growth theory, increased real
Q320: A problem with the neoclassical growth theory
Q321: New growth theory predicts that
A) economic growth
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