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Author Question: The recent growth records of Japan and Hong Kong during the last 50 years indicate that a nation can ... (Read 65 times)

ereecah

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  • Posts: 530
on: Jun 30, 2018
The recent growth records of Japan and Hong Kong during the last 50 years indicate that a nation can grow rapidly without:
 a. securely defined property rights. b. adopting modern technology.
  c. significant capital formation. d. abundant domestic natural resources.

Question 2

A recessionary gap is the amount that autonomous aggregate expenditures must rise to cause the equilibrium level of real GDP to shift to the full-employment level of real GDP.
 a. True
  b. False
  Indicate whether the statement is true or false


brittanywood

  • Sr. Member
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Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

True


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