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Author Question: If real GDP per person rises above the subsistence level then, according to classical growth theory, ... (Read 98 times)

ishan

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  • Posts: 546
on: Jun 29, 2018
If real GDP per person rises above the subsistence level then, according to classical growth theory,
 
  A) a population explosion will occur.
  B) labor productivity growth permanently increases.
  C) population growth will slow down.
  D) real GDP per person will fall below the subsistence level.
  E) real GDP per person will remain above the subsistence level.

Question 2

Every day, ________ changes to make the quantity of money demanded equal the quantity of money supplied.
 
  A) real GDP
  B) the money supply
  C) the inflation rate
  D) the nominal interest rate
  E) the price level


Mholman93

  • Sr. Member
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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

D


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