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Author Question: An assumption of neoclassical growth theory is that A) technological change is random. B) ... (Read 97 times)

madam-professor

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on: Jun 29, 2018
An assumption of neoclassical growth theory is that
 
  A) technological change is random.
  B) technological change can be influenced by savings.
  C) more growth encourages more technological change.
  D) None of the above answers is correct.

Question 2

If the price level last year was 220 and this year is 250, what is the inflation rate between the two years?
 
  A) 30 percent
  B) 13.6 percent
  C) 12.2 percent
  D) 20 percent


Eunice618

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


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