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Author Question: Which of the following are predicted by the classical growth theory? i. Population growth will ... (Read 117 times)

123654777

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on: Jun 29, 2018
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.


randomguy133

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

E

Answer to Question 2

E


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