New growth theory proposes that real GDP per person grows because of and that growth
)
A) productivity shocks; can persist indefinitely
B) technological change; can only increase above the subsistence level temporarily
C) productivity shocks; occurs randomly
D) the pursuit of profit; can persist indefinitely
Correct Answer:
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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
Q330: A central proposition of the new growth
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
Q336: According to the new growth theory
A) knowledge
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