The shutdown point occurs at the level of output for which the ________ is at its minimum

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.

When measuring the actual output produced in an economy, one should focus on GDP measured in nominal terms

Indicate whether the statement is true or false