Classical economists believed that
A) real GDP per person would rise above its subsistence level in the long run.
B) real GDP per person would never rise above its subsistence level in the long run.
C) the demand for labor increases when the population increases.
D) population growth decreases as real GDP per person rises.
Correct Answer:
Verified
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Q217: According to the neoclassical growth theory
A) increases
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Q219: Which of the following is consistent with
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A)
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