Because of the choices people make in the pursuit of profit, new growth theory argues that
A) technology growth slows down in the long run.
B) the capital stock experiences diminishing returns.
C) population growth increases will bring real GDP per person back to subsistence level.
D) the economy can enjoy persistent economic growth.
Correct Answer:
Verified
Q81: According to new growth theory, technological change
Q82: If the saving rate increases, a country's
Q83: When labour productivity increases, the demand for
Q84: Suppose a nation's population grows by 2
Q85: A higher savings rate that leads to
Q87: The aggregate production function shows that an
Q88: The decreasing slope of a production function
Q89: If the real wage rate is such
Q90: Which of the following does NOT increase
Q91: The labour force participation rate
A)has an inverse
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