This topic contains a solution. Click here to go to the answer

Author Question: Neoclassical growth theory proposes that A) technological progress increases the population ... (Read 81 times)

Caiter2013

  • Hero Member
  • *****
  • Posts: 607
Neoclassical growth theory proposes that
 
  A) technological progress increases the population growth rate and drives down real wages.
  B) real GDP per person grows because technological change increases profit opportunities.
  C) real GDP growth is caused by growth in the population.
  D) discoveries result from choices that increase profits.

Question 2

Suppose the price level this year is 150 and the price level last year was 125. The inflation rate between last year and this year was
 
  A) 20 percent.
  B) 2 percent.
  C) 16.6 percent.
  D) 1.6 percent.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

milbourne11

  • Sr. Member
  • ****
  • Posts: 322
Answer to Question 1

B

Answer to Question 2

A




Caiter2013

  • Member
  • Posts: 607
Reply 2 on: Jun 29, 2018
Excellent


ttt030911

  • Member
  • Posts: 315
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

Did you know?

Nearly 31 million adults in America have a total cholesterol level that is more than 240 mg per dL.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

For a complete list of videos, visit our video library