Which theory of economic growth concludes that in the long run real GDP per person will be at its subsistence level?
A) the classical theory
B) the neoclassical theory
C) the new growth theory
D) all of the theories
A
You might also like to view...
Ann and Lynn have been arrested by the police, who have evidence that will convict them of robbing a bank. If convicted, each will receive a sentence of 6 years for the robbery
During questioning, the police suspect that Ann and Lynn are responsible for a series of bank robberies. If both confess to the series, each will receive 12 years in jail. If only one confesses, she will receive 4 years and the one who does not confess will receive 14 years. What is the equilibrium for this game? A) Both confess. B) Ann confesses and Lynn does not confess. C) Lynn confesses and Ann does not confess. D) Neither confess.
Inflation can only be caused by an increase in aggregate demand
a. True b. False Indicate whether the statement is true or false