The belief that the rate of growth depends upon technological progress facilitated by institutions incentives and government is known as ________ growth theory?

Related Mcqs:

Identify below what is NOT considered to be a cause of economic growth ?

A. An increase in the quantity of labor and capital B. An increase in labor productivity C. An increase in the money supply D. An increase in technology...

The theory that explains business cycles by the dynamic interaction of consumption and investment demand is the ?

A. sun spot theory B. multiplier accelerator model C. Solow theory D. New classical theory...

Real business cycle theory suggests that ____ not important in explaining short-term fluctuations around actual output ?

A. aggregate supply is B. aggregate demand is C. potential output is D. real variables are...

GDP per head may be an imperfect measure of economic welfare because it excludes ?

A. the value of leisure B. Externalities C. Untraded goods D. Change in the distribution of income E. All of the above...

The neoclassical theory of growth identifier the steady state rate of growth as the ____ just sufficient to keep _____ constant while labor grows?

A. saving, investment B. capital per person, productivity C. labor growth, output D. investment capital per person...