In neoclassical growth theory, technological change __________.
A) occurs at a steady rate
B) is influenced by the rate of economic growth
C) is influenced by population growth
D) occurs by chance
Correct Answer:
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Q222: Because of the choices people make in
Q223: Neoclassical growth theory is based on the
Q224: A problem with the neoclassical growth theory
Q225: The notion that technological change is not
Q226: Neoclassical growth theory
A) makes no predictions about
Q228: New growth theory assumes that
A) all inputs
Q229: According to new growth theory, technological change
Q230: A key feature of the new growth
Q231: Within neoclassical growth theory, technological change _saving
Q232: Neoclassical growth theory predicts that
A) growth in
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