Harrod and Domar developed their model of economic growth:
A) in the 18th century.
B) in the early 20th century, before Keynes invented macroeconomics.
C) in the 19th century as a reaction to the dismal model of diminishing returns.
D) around the time of World War II.
E) while working at the World Bank in the early 1990s.
Correct Answer:
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Q6: According to Adam Smith, the following institutions
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Q8: Adam Smith, the father of modern economics,
Q9: According to early 19th century classical economists
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Q12: The Harrod-Domar model starts with the following
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Q14: The Harrod-Domar model tells us that:
A) the
Q15: The term γ in the Harrod-Domar model
Q16: The Harrod-Domar model predicts that if the
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