Neoclassical growth theory predicts that
A) growth in real GDP can continue indefinitely.
B) growth in real GDP can increase without any increase in investment.
C) advances in technology increase the productivity of capital, which leads to an increase in investment and rising real GDP per person.
D) advances in technology are a result of discoveries motivated by the pursuit of profits.
Correct Answer:
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Q227: In neoclassical growth theory, technological change _.
A)
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
Q233: New growth theory predicts that
A) government policies
Q234: A central proposition of the new growth
Q235: According to neoclassical growth theory, the higher
Q236: _predicts that real GDP per person can
Q237: According to the new growth theory, competition
A)
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