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Macroeconomics 12th Edition by Michael Parkin
Edition 12ISBN: 978-0133872279Macroeconomics 12th Edition by Michael Parkin
Edition 12ISBN: 978-0133872279 Exercise 8
Explain the processes that will bring the growth of real GDP per person to a stop according to
a. Classical growth theory.
b. Neoclassical growth theory.
c. New growth theory.
a. Classical growth theory.
b. Neoclassical growth theory.
c. New growth theory.
Explanation
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b) The neoclassical growth theory states...
Macroeconomics 12th Edition by Michael Parkin
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