Author Question: A central theme of the new growth theory is that A) firms don't really experience profit. B) ... (Read 54 times)

melina_rosy · **on:** Jun 29, 2018

A central theme of the new growth theory is that

A) firms don't really experience profit.
B) humans can work harder than previously thought.
C) the government is more efficient than private markets.
D) the economy doesn't experience diminishing returns.
E) firms don't experience diminishing returns.

Question 2

Based on data from the U.S. economy, the marginal propensity to consume is about

A) 0.95. B) 0.75. C) 0.60. D) 1.10. E) 0.87.