Author Question: An assumption of classical growth theory is that when ________ the population growth rate ________. ... (Read 190 times)

D2AR0N

  • Hero Member
  • *****
  • Posts: 561
An assumption of classical growth theory is that when ________ the population growth rate ________.
 
  A) real GDP per person exceeds the subsistence level; increases
  B) people become more skilled; decreases
  C) the real wage rate falls; increases
  D) saving declines; decreases

Question 2

If you have 5,000 in wealth and the price level decreases by 20 percent, then
 
  A) the 5,000 will buy fewer goods and services.
  B) the 5,000 will buy more goods and services.
  C) the real value of the 5,000 decreases.
  D) the real value of the 5,000 remains constant.



steff9894

  • Sr. Member
  • ****
  • Posts: 337
Answer to Question 1

A

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Though “Krazy Glue” or “Super Glue” has the ability to seal small wounds, it is not recommended for this purpose since it contains many substances that should not enter the body through the skin, and may be harmful.

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Did you know?

The average adult has about 21 square feet of skin.

Did you know?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

For a complete list of videos, visit our video library