________ fits the facts of today's world more closely than other theories.

Question

Quizplus · Accepted Answer

New growth theory is a more contemporary and relevant economic theory compared to other options listed. It emphasizes the role of knowledge, innovation, and technological progress as key drivers of long-term economic growth, which better aligns with the current economic realities of many developed economies. Neoclassical growth theory and classical growth theory both have limitations in explaining long-run growth, while Malthusian and Doomsday growth theories are often viewed as overly pessimistic and have not accurately predicted the course of economic development.

________ Fits the Facts of Today's World More Closely Than