Malthus's predictions have proved to be true, and they explain why U.S. productivity growth slowed between the 1970s and the mid-1990s.
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Q223: Malthus's predictions have proved to be false
Q224: In 1798, the English economist Thomas Malthus
Q225: According to estimates of the aggregate production
Q226: Research and development is what we call
Q227: Physical capital consists of man-made resources like
Q229: The aggregate production function typically increases at
Q230: If technology improves, then it takes more
Q231: Total factor productivity is the amount of
Q232: The aggregate production function exhibits diminishing returns
Q233: The average level of education, measured by
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