Endogenous growth theory attempts to
A) replace the Solow model with a model in which money growth plays a key role.
B) explain how societies can more easily reach the "Golden Rule."
C) show how population growth reduces capital and output.
D) explain why productivity changes.
D
Economics
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Aggregate demand will shift outward when there is/are
a. a decrease in government spending b. a decrease in incomes abroad c. a tax increase d. consumers deciding to buy more goods and services, even if prices remain unchanged e. the expectation that future income will fall
Economics
If the marginal propensity to consume (MPC) increases, then
A. the multiplier increases. B. the marginal propensity to save (MPS) increases. C. the multiplier decreases. D. MPC + MPS is less than 1.
Economics