Within Neoclassical Growth Theory, Technological Change _________Saving And__________

question 82

Multiple Choice

Within neoclassical growth theory, technological change _________saving and__________
Investment.

• A) decreases; increases
• B) increases; decreases
• C) decreases; decreases
• D) increases; increases

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Definitions:

Unfavorable

A term used to describe outcomes or variances that negatively impact financial performance or expectations.

Unfavorable Variances

Occurrences when actual costs exceed budgeted or expected costs, indicating a potential need for management action to address inefficiencies.

Favorable Variances

Differences between actual and budgeted amounts that result in more profit or less cost than originally planned.

Income

Money received, especially on a regular basis, for work, through investments, or from business activities.