Endogenous growth theory attempts to
A. explain how societies can more easily reach the "Golden Rule."
B. replace the Solow model with a model in which money growth plays a key role.
C. explain why productivity changes.
D. show how population growth reduces capital and output.
Answer: C
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Use the following table for Country X to answer the next question. Column 1 of the table is the world price of a product, Column 2 is the quantity demanded domestically (Qdd), and Column 3 is the quantity supplied domestically (Qsd). Assume the small-country model is applicable.PriceQddQsd$5.002004004.002503503.003003002.003502501.00400200At what world price will Country X import 100 units of the product?
A. $4.00 B. $2.00 C. $1.00 D. $3.00
The United States does not use subsidies as part of its policies
Indicate whether the statement is true or false
Every country imposes tariffs on at least some imports
a. True b. False Indicate whether the statement is true or false
Suppose we are at a long-run equilibrium point in an AD-AS model. Then the money supply falls. In the short run, is there any difference between what happens in the simple quantity theory of money (SQTM) version and the monetarist version of the model?
A) There is no difference. B) In the SQTM version, the price level falls; in the monetarist version, it does not. C) In the monetarist version, Real GDP falls; in the SQTM version, it does not. D) In the monetarist version, the price level falls; in the SQTM version, it does not. E) In the SQTM version, Real GDP falls; in the monetarist version, it does not.