Author Question: An assumption of classical growth theory is that when ________ the population growth rate ________. ... (Read 180 times)

D2AR0N

  • Hero Member
  • *****
  • Posts: 561
An assumption of classical growth theory is that when ________ the population growth rate ________.
 
  A) real GDP per person exceeds the subsistence level; increases
  B) people become more skilled; decreases
  C) the real wage rate falls; increases
  D) saving declines; decreases

Question 2

If you have 5,000 in wealth and the price level decreases by 20 percent, then
 
  A) the 5,000 will buy fewer goods and services.
  B) the 5,000 will buy more goods and services.
  C) the real value of the 5,000 decreases.
  D) the real value of the 5,000 remains constant.



steff9894

  • Sr. Member
  • ****
  • Posts: 337
Answer to Question 1

A

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

Did you know?

The shortest mature adult human of whom there is independent evidence was Gul Mohammed in India. In 1990, he was measured in New Delhi and stood 22.5 inches tall.

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

For a complete list of videos, visit our video library