A central proposition of the new growth theory is that
A) growth is often just an illusion fostered by growth accounting.
B) growth will cease but prosperity will persist.
C) knowledge is not subject to diminishing returns.
D) government direction and oversight is necessary for consistent growth.
Correct Answer:
Verified
Q325: predicts that real GDP per person can
Q326: According to new growth theory, technological change
Q327: Which of the following is NOT associated
Q328: According to the new growth theory, firms
Q329: According to new growth theory .
A) knowledge
Q331: New growth theory proposes that real GDP
Q332: Because of the choices people make in
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
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