Which of the following ideas apply to the neoclassical growth theory?
I. Technological change results from chance.
II. Growth in real GDP stops if technology stops advancing.
A) I only
B) II only
C) neither I nor II
D) both I and II
Correct Answer:
Verified
Q313: In neoclassical growth theory, technological change .
A)
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A) makes no predictions about
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A) economic growth
Q322: New growth theory economists believe that:
I. Economic
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