Which of the following are predicted by the classical growth theory?
i. Population growth will end economic growth.
ii. Real GDP per person will return to subsistence level.
iii. Technology drives persistent economic growth.
A) i only B) ii only C) i, ii and iii D) i and iii E) i and ii
Question 2
When the price level falls,
A) there is a movement upward along the AS curve.
B) both the potential GDP line and the AS curve shift leftward.
C) the AS curve shifts leftward but the potential GDP line does not shift.
D) the AS curve shifts rightward but the potential GDP line does not shift.
E) there is a movement downward along the AS curve.
Skull tooth growth
Growth Chart for American Girls From Birth Through Age 3 Growth slows from infancy to toddlerhood b
Calculating Growth Percentiles
Three Population Pyramids
The developing and emerging nations have high rates of population growth
Predicted Proportions in a Population