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In the Process Described as Schumpeterian Economic Growth (Involving Schumpeter's

Question 31

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In the process described as Schumpeterian economic growth (involving Schumpeter's ideas?about growth) ,


A) recessions are the object of countercyclical policy designed to minimize the waste ?of unemployed labor and other resources.
B) expansions are considered wasteful because of the tendency for inflation to be ?generated near the cyclical peaks.
C) recessions are considered to be useful cleansing devices for abandoning inefficient ?uses of economic resources.
D) depressions are considered to be necessary to maintain greater equality of wealth ?and income over time.

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