In neoclassical growth theory, technological progress is the key to continuous growth in labor productivity

Indicate whether the statement is true or false

TRUE

Economics

You might also like to view...

Refer to Scenario 14-2. As a result of Kristy's deposit, Bank A's excess reserves increase by

A) $2,000. B) $8,000. C) $10,000. D) $50,000.

Economics

Would the shopkeeper be able to convince the customer that he would usher the customer out if he gets a low price?

a. Yes, such threats are always credible b. No, because losing the sale is not in the shopkeeper's best interest c. No, because he would get more by accommodating the low price than losing the sale d. Both B&C

Economics