An assumption of classical growth theory is that when ________ the population growth rate ________

A) real GDP per person exceeds the subsistence level; increases
B) people become more skilled; decreases
C) the real wage rate falls; increases
D) saving declines; decreases


A

Economics

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A) greater; small; large B) greater; large; small C) the same; large; small D) None of the above.

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The leader of a federal political party made the following campaign promise: "my administration will increase national defense without requiring sacrifices elsewhere in the economy." the promise can be kept if:

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In the kinked demand curve model, if one firm reduces its price

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Economics