Author Question: The idea of continuous economic growth as a perpetual motion machine best reflects the prediction of ... (Read 59 times)

burton19126

  • Hero Member
  • *****
  • Posts: 532
The idea of continuous economic growth as a perpetual motion machine best reflects the prediction of which growth theory?
 
  A) no growth theory
  B) the classical growth theory
  C) the traditional growth theory
  D) the Keynesian growth theory
  E) the new growth theory

Question 2

If real GDP grows at 4 percent, the quantity of money grows at 6 percent, and velocity does not change, then in the long run the inflation rate is
 
  A) 2 percent. B) 4 percent. C) 10 percent. D) 1.5 percent. E) 6 percent.



cadimas

  • Sr. Member
  • ****
  • Posts: 362
Answer to Question 1

E

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

Did you know?

Asthma is the most common chronic childhood disease in the world. Most children who develop asthma have symptoms before they are 5 years old.

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

For a complete list of videos, visit our video library