In Neoclassical Growth Theory,an Increase in the Labour Force ________

question 88

Multiple Choice

In Neoclassical growth theory,an increase in the labour force ________ total output and ________ total output per person.

• A)increases; increases
• B)increases; leaves constant
• C)increases; reduces
• D)leaves constant; leaves constant
• E)leaves constant; reduces

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Definitions:

Self-correcting Feedback

Information or critiques that allow an individual or system to recognize and amend errors or weaknesses autonomously.

Examining

The process of inspecting or reviewing something closely.

Constructive Way

A manner of approaching situations or problems that is positive, effective, and aimed at building or improving something.

Roadblocks

Obstacles or barriers that hinder progress in achieving a goal or completing a project.