Which of the Following Is Consistent with the Classical Theory

question 97

Multiple Choice

Which of the following is consistent with the classical theory of growth?

• A) rapid population growth in poor countries
• B) permanent increases in real wages
• C) permanent growth in productivity
• D) permanent increases in living standards

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Definitions:

Surfboards

Long, narrow boards used in the sport of surfing to ride waves, traditionally made of wood but now also from various synthetic materials.

Exchange Rate

The equivalent value of one currency when swapped for another.

Wine

An alcoholic beverage made from fermented grapes or other fruits.

Shoes

Footwear items designed to protect and comfort the human foot while the wearer is doing various activities.