Which of the following are predicted by the classical growth theory?
i. Population growth will end economic growth.
ii. Real GDP per person will return to subsistence level.
iii. Technology drives persistent economic growth.
A) i only B) ii only C) i, ii and iii D) i and iii E) i and ii
Question 2
When the price level falls,
A) there is a movement upward along the AS curve.
B) both the potential GDP line and the AS curve shift leftward.
C) the AS curve shifts leftward but the potential GDP line does not shift.
D) the AS curve shifts rightward but the potential GDP line does not shift.
E) there is a movement downward along the AS curve.
The tiger, Panthera tigris, was historically found throughout much of Asia, but at low population de
Anatomy of the Lotka-Volterra equations for predator-prey population growth.
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Cotton Production and Slave Population, 1800–1860
As the world’s population continues to grow, demands on limited resources for food production
Growth Accounting for Europe, A.D. 500–1700