Which growth theory predicts perpetual growth?
A) classical growth theory
B) neoclassical growth theory
C) new growth theory
D) None of the above answers is correct.
C
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In the classical model, the demand for loanable funds comes from
a. consumption expenditures and the government deficit, if any b. net taxes and government expenditures c. government purchases d. investment spending and the government deficit, if any e. consumption expenditures, investment spending and government purchases
The global financial and economic crisis that began to develop in 2007
A. arose in industrial countries. B. was the result of a prolonged period of declining world production. C. arose in developing countries. D. was worse than the Great Depression of the 1930s.
Suppose we are plotting the relationship between the unemployment rate and the growth rate of real GDP
If the unemployment rate is measured along the vertical axis and the growth rate of real GDP is measured along the horizontal axis, we will get a(n) ________. A) downward sloping curve B) horizontal straight line C) vertical straight line D) upward sloping curve
Which of the following is most accurate about the period between the Civil War and World War I?
a. An increasing share of the U.S. population lived in rural areas. b. Unions pursued strategies of peaceful negotiation with employers. c. The average number of hours of work increased significantly during the period. d. The difference between male and female wages decreased.