Education increases the stock of which factor of production?

According to the Gordon-Growth model, what will be the percentage change in the value of the stock of a company whose current dividend is $10

00 and whose dividends had been expected to grow by 3% per year but now are expected to grow by 1% per year? A) -4.0% B) -23.7% C) -31.1% D) -66.0%

Which of the following is true of the classical model?

a. Changes in aggregate demand does not have any impact on the aggregate price level. b. The aggregate supply curve is perfectly elastic. c. An increase in aggregate demand increases the price level, output remaining unchanged. d. Changes in aggregate demand determines the equilibrium output of the economy. e. Real GDP and price level remain unchanged irrespective of changes in aggregate demand and supply.