Classical growth theory states that
A) advances in technology will always insure a permanent increase in real GDP per person.
B) growth is followed by increases in the population, eventually leaving real GDP per person unchanged.
C) growth in real GDP per person is difficult in the beginning but easier in the later stages.
D) growth is maximized when everyone is fully employed.
Correct Answer:
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Q197: If capital per hour of labor decreases,
Q198: On-the-job-training is an example of
A) technological change.
B)
Q199: The more education that workers have, the
Q200: If the level of technology rises, real
Q201: Which of the following ideas apply to
Q203: The neoclassical growth theory says, in part,
Q204: Classical growth theory argues that when real
Q205: Which of the following is consistent with
Q206: Which of the following predicts that there
Q207: Which of the following ideas are included
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