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Author Question: Classical growth theory proposes that real GDP growth is ________ and that real GDP per person will ... (Read 94 times)

jace

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on: Jun 29, 2018
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.


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braelync

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

C


jace

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Reply 2 on: Jun 29, 2018
Excellent

bdobbins

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Reply 3 on: Yesterday
Wow, this really help

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