According to new growth theory ________.
A) ever-advancing productivity keeps the population growth rate high
B) knowledge does not experience diminishing returns
C) growth rates and income levels per person around the globe will converge
D) knowledge is subject to the law of diminishing returns
Question 2
Which of the following shifts the aggregate demand curve rightward?
A) a decrease in government expenditure
B) expectations that future incomes will fall
C) a decrease in the quantity of money and an increase in interest rates
D) a tax cut