The Harrod-Domar model starts with the following assumption(s) :
A) the Keynesian assumption that there is an unlimited amount of unemployed labor available for production.
B) the marginal product of capital is constant.
C) saving is exactly equal to productive investment.
D) All of the above.
E) None of the above.
Correct Answer:
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Q7: According to Adam Smith, the best measure
Q8: Adam Smith, the father of modern economics,
Q9: According to early 19th century classical economists
Q10: Early 19th century economists like Thomas Malthus
Q11: Harrod and Domar developed their model of
Q13: The Harrod-Domar growth model has lost favor
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
Q17: The Harrod-Domar model predicts that if the
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