This topic contains a solution. Click here to go to the answer

Author Question: Classical growth theory proposes that real GDP growth is ________ and that real GDP per person will ... (Read 144 times)

jace

  • Hero Member
  • *****
  • Posts: 541
Classical growth theory proposes that real GDP growth is ________ and that real GDP per person will ________ the subsistence level.
 
  A) permanent; temporarily be above
  B) permanent; always be above
  C) temporary; temporarily be above
  D) temporary; be above and below

Question 2

Gruel is an inferior good. Hence, a decrease in people's incomes
 
  A) shifts the supply curve of gruel leftward.
  B) decreases the quantity of gruel supplied.
  C) shifts the demand curve for gruel rightward.
  D) shifts the demand curve for gruel leftward.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

braelync

  • Sr. Member
  • ****
  • Posts: 350
Answer to Question 1

C

Answer to Question 2

C




jace

  • Member
  • Posts: 541
Reply 2 on: Jun 29, 2018
Wow, this really help


aruss1303

  • Member
  • Posts: 314
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

For a complete list of videos, visit our video library