Multiple Choice
Which of the following ideas apply to the neoclassical growth theory?
I. Technological change results from chance.
II. Growth in real GDP stops if technology stops advancing.
A) both I and II
B) neither I nor II
C) II only
D) I only
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q21: Suppose there is a rise in the
Q22: A problem with the neoclassical growth theory
Q23: The relationship between education and economic growth
Q24: Convergence of the income gap has been
Q25: Which of the following statements regarding U.S.
Q27: Which of the following policy actions could
Q28: If the price level increases, but workersʹ
Q29: Which of the following statements is correct?<br>A)
Q31: What best explains why real GDP per
Q156: What are the basic arguments of the