Models of growth that account for technological progress are part of
A) creative destruction theory. B) growth accounting.
C) new growth theory. D) all of the above.
C
Economics
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If MPC = 0.9, equilibrium income is $1,000 . and full-employment income is $2,000 . then how much government spending is needed to bring about full employment?
a. +1,000 b. –100 c. +900 d. +100 e. –0.9
Economics
The effect of a Pigovian tax on a market is:
A. increased price and reduced quantity to the efficient level. B. decreased price and increased quantity to the efficient level. C. increased price and quantity to the efficient level. D. decreased price and quantity to the efficient level.
Economics