According to Solow, which of the following is true when the economy is at growth rate equilibrium?
A) Output remains constant while labour increases.
B) Both output and capital remain constant.
C) Both labour and capital grow at the same rate.
D) Labour remains constant while capital increases.
Correct Answer:
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Q1: Which of the following is a fundamental
Q2: As of 2008, which of the following
Q4: The long-run aggregate supply curve implies that:
A)
Q5: For fully developed economies in Europe, the
Q6: The aggregate supply curve is _.
A) the
Q7: Economic growth is measured as the:
A) percentage
Q8: Which of the following measures the productivity
Q9: The neoclassical model of economic growth suggests
Q10: Which of the following statements is true?
A)
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