____ is one in which exactly the amount one competitor gains must be lost by other competitors

Refer to the figure above. Everything else remaining unchanged, at what rate will the wage be held if there is downward wage rigidity in the market, when the demand curve shifts to LD2?

A) $50 B) $30 C) $40 D) $20

If this quote is TRUE, what would the neoclassical growth theory predict?

A) Economic growth stops because most technological advances have already been made. B) Economic growth is temporary regardless of technological change and GDP per person returns to subsistence levels. C) Economic growth will persist indefinitely because technological change will accelerate again as firms seek profits. D) Economic growth will accelerate because these technological changes are permanent.