This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Classical growth theory proposes that real GDP growth is ________ and that real GDP per person will ... (Read 116 times)

jace

  • Hero Member
  • *****
  • Posts: 541
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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

braelync

  • Sr. Member
  • ****
  • Posts: 350
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

C


jace

  • Member
  • Posts: 541
Reply 2 on: Jun 29, 2018
Excellent

bblaney

  • Member
  • Posts: 323
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

Carbamazepine can interfere with the results of home pregnancy tests. If you are taking carbamazepine, do not try to test for pregnancy at home.

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?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Swanson’s Theory of Caring Swanson’s Theory of Caring
The adolescent growth spurt in humans is seen as a “bump” in the height curve and a “spike” in the h The adolescent growth spurt in humans is seen as a “bump” in the height curve and a “spike” in the h
Trichromatic Theory of Color Vision Trichromatic Theory of Color Vision
Poverty and population growth Poverty and population growth
Other Endocrine Tissues and Organs, Eicosanoids, and Growth Factors Other Endocrine Tissues and Organs, Eicosanoids, and Growth Factors
The Power of Classical Conditioning The Power of Classical Conditioning
Video: Spinal Cord Injury Animation

For a complete list of videos, visit our video library