Gross domestic product (GDP) does not reflect many things that individuals do for themselves

The idea of continuous economic growth as a "perpetual motion machine" best reflects the prediction of which growth theory?

A) no growth theory B) the classical growth theory C) the traditional growth theory D) the Keynesian growth theory E) the new growth theory

Which of the following statements is CORRECT?

A) When demand increases, both the price and the quantity increase. B) When demand decreases, the price rises and the quantity decreases. C) When supply increases, the quantity decreases and the price rises. D) When supply decreases, both the price and the quantity decrease.