According to the new growth theory,
A) the labour demand curve does not shift rightward over time.
B) the rate of technological progress is determined by chance.
C) the concept of a labour market is not necessary.
D) knowledge is not subject to diminishing returns.
Correct Answer:
Verified
Q113: New growth theory proposes that real GDP
Q114: During the 1990s, which of the following
Q115: In 2008, Armenia had a real GDP
Q116: Economic growth is measured by
A)changes in real
Q117: An increase in the population and hence
Q119: On- the- job- training is an example
Q120: Potential GDP per labour hour can increase
Q121: Which one of the following statements about
Q122: A higher saving rate leads to faster
Q123: ![]()
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents