The new growth theory was developed by ________ and proposes that ________.
A) Paul Romer; the desire for profits drives increases in real GDP per person
B) Robert Solow; increases in technology growth are responsible for economic growth
C) Thomas Malthus; increases in population drive wages to their subsistence level
D) Adam Smith; markets will determine the appropriate economic growth rate
E) Ben Bernanke; changes in the money supply drive economic growth
Correct Answer:
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Q143: Place the following events in the proper
Q144: A central theme of the new growth
Q145: The new growth theory asserts that
A) the
Q146: Economic growth in neoclassical growth theory stops
Q147: Which theory of economic growth emphasizes that
Q149: If the U.S.economy grows as proposed by
Q150: What economic growth theory assigns a key
Q151: In explaining economic growth, new growth theory
Q152: The neoclassical growth theory assumes that technological
Q153: The neoclassical growth theory predicts that
A) population
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