Author Question: New growth theory proposes that real GDP per person grows because of ________ and that growth ... (Read 195 times)

Evvie72 · **on:** Jun 29, 2018

New growth theory proposes that real GDP per person grows because of ________ and that growth ________.

A) the pursuit of profit; can persist indefinitely
B) productivity shocks; can persist indefinitely
C) technological change; can only increase above the subsistence level temporarily
D) productivity shocks; occurs randomly

Question 2

If the inflation rate is negative, the price level in an economy is

A) falling.
B) rising slowly.
C) constant.
D) rising rapidly.