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The New Growth Theory Was Developed by ________ and Proposes

Question 148

Multiple Choice

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

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