Author Question: According to the new growth theory, real GDP per person grows because A) the retirement age ... (Read 67 times)

washai

  • Hero Member
  • *****
  • Posts: 523
According to the new growth theory, real GDP per person grows because
 
  A) the retirement age increases.
  B) the labor force participation rate increases.
  C) people make choices in pursuit of profits.
  D) the population increases.
  E) the government subsidizes firms' research and development.

Question 2

If the price level increases, there is ________ the AD curve and the quantity of real GDP demanded ________.
 
  A) a movement upward along; increases
  B) a leftward shift in; decreases
  C) a movement downward along; increases
  D) no change in; does not change
  E) a movement upward along; decreases



xiaomengxian

  • Sr. Member
  • ****
  • Posts: 311
Answer to Question 1

C

Answer to Question 2

E



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Did you know?

Thyroid conditions may make getting pregnant impossible.

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

For a complete list of videos, visit our video library