Author Question: The notion that technological change is not random but instead is driven by the pursuit of profits ... (Read 104 times)

jc611 · **on:** Jun 29, 2018

The notion that technological change is not random but instead is driven by the pursuit of profits is an essential element of

A) classical growth theory.
B) neoclassical growth theory.
C) the new growth theory.
D) perpetual growth theory.

Question 2

The fraction of deposits that banks are required to keep is known as the

A) discount rate.
B) required reserve ratio.
C) deposit multiplier.
D) money multiplier.