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Author Question: Which of the following is associated with classical growth theory? I. Growth in real GDP can ... (Read 101 times)

jhjkgdfhk

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on: Jun 29, 2018
Which of the following is associated with classical growth theory?
 
  I. Growth in real GDP can continue indefinitely.
  II. Technological growth increases as the population grows.
  III. Population explosions bring real GDP per person back to subsistence levels.
  A) I
  B) II
  C) III
  D) I and III

Question 2

What is the approximate relationship among the real interest rate, the inflation rate, and the nominal interest rate?
 
  What will be an ideal response?


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wergv

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

C

Answer to Question 2

The real interest rate equals the nominal interest rate minus the inflation rate.


jhjkgdfhk

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

ryansturges

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Reply 3 on: Yesterday
Excellent

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