The classical model of Malthus predicted that economies would
A) continue to grow indefinitely.
B) experience rapid technological progress.
C) reach a state where the growth of real GDP per person stopped.
D) experience significant productivity growth.
Correct Answer:
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Q213: Classical growth theory argues that when real
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Q215: Which of the following is consistent with
Q216: Classical economists believed that
A) real GDP per
Q217: According to the neoclassical growth theory
A) increases
Q219: Which of the following is consistent with
Q220: Which of the following predicts that there
Q221: Neoclassical growth theory assumes that technological progress
A)
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Q223: Neoclassical growth theory predicts that
A) advances in
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