A central proposition of the new growth theory is that
A) government direction and oversight is necessary for consistent growth.
B) growth is often just an illusion fostered by growth accounting.
C) knowledge is not subject to diminishing returns.
D) growth will cease but prosperity will persist.
Correct Answer:
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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
Q233: New growth theory predicts that
A) government policies
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)
Q238: Neoclassical growth theory assumes that technological progress
A)
Q239: An assumption of neoclassical growth theory is
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