Which of the following are mentioned as forces of the new growth theory that influence economic growth?
I. Technology
II. Research
III. Innovations
A) II and III only
B) I only
C) I, II, and III
D) I and II only
E) I and III only
C
Economics
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Figure 9.1 shows three aggregate demand curves. A movement from curve AD0 to curve AD1 could be caused by a(n)
A) decrease in government spending. B) decrease in the money supply. C) decrease in the price level. D) decrease in taxes.
Economics
The velocity of money is assumed to be constant in the Classical model because
A) the payment habits of the community. B) fixed level of real GDP. C) the demand for money varies with the level of real output. D) aggregate demand is constant.
Economics