The growth model in which capital accumulation plays the key role is called the:
A) new growth model.
B) Classical growth model.
C) new Classical growth model.
D) Keynesian model.
Correct Answer:
Verified
Q83: Which economist stressed the importance of the
Q84: Technological development:
A)makes it impossible to obtain more
Q85: Unlike Classical growth theory, new growth theory
Q86: New growth theory emphasizes the importance of
Q87: The law of diminishing marginal productivity implies
Q89: An innovator who creates new products and
Q90: The law of diminishing marginal productivity implies
Q91: New growth theory emphasizes the importance of
Q92: Jamaica has far less capital than Singapore.
Q93: The law of diminishing marginal productivity applies
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