A defining feature of new growth theory is that it involves economic models of growth which account for

For price discrimination to exist, all of the following are necessary EXCEPT

A) a downward sloping demand curve. B) an identifiable group of buyers with different elasticities of demand. C) an upward sloping marginal cost curve. D) there can be no resale of the product.

By driving up interest rates, an increase in investment spending causes

a. a voluntary decrease in consumption b. a voluntary increase in consumption c. an involuntary decrease in consumption d. an involuntary increase in consumption e. government spending to be crowded out