The Malthusian theory
A) shows that the production function will shift upward continuously.
B) predicts that the real GDP per person will continue to increase as long as technology increases.
C) is also called the classical growth theory and predicts that we will run out of resources.
D) claims that the subsistence wage will increase over time.
E) is also called the neoclassical growth theory.
C
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A contractionary monetary policy causes
A) higher interest rates, which increases the foreign demand for U.S. financial instruments, which causes interest rates to decrease. There is no effect on net exports. B) higher interest rates, which decreases the foreign demand for U.S. financial instruments, raising the international price of the dollar and increasing net exports. C) higher interest rates, which increases the international price of the dollar and decreases net exports. D) lower interest rates, which decreases the foreign demand for U.S. financial instruments, raising the international price of the dollar and increasing net exports.
Studies show that white women earn approximately 25% less than white men. From this data alone, one should not conclude that white women are victims of discrimination. Name two other factors that could explain the difference in wages