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The New Growth Theory That Arose in the Late 1980s

Question 50

Multiple Choice

The new growth theory that arose in the late 1980s has been described as ________ because it treats technological change as ________.


A) exogenous,random unpredictable shocks
B) exogenous,generated by market incentives
C) endogenous,random unpredictable shocks
D) endogenous,generated by market incentives

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