Each of the Following Statements Is True Except

question 33

Multiple Choice

Each of the following statements is true except

• A) balanced growth occurs when the labor force, capital stock, and real output all grow at the same rate.
• B) along a balanced growth path, the ratio of capital to output equals the ratio of the saving rate to the labor force growth rate.
• C) Solow showed that the balanced growth path is stable: If the economy is off a balanced growth path, it will naturally tend to return to that path.
• D) A higher saving rate raises GDP, in Solow's analysis of the long-run growth model, and permanently raises the growth rate.
• E) A higher population growth rate lowers GDP per capita, in the Solow growth model, but does not permanently lower the growth rate.

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Definitions:

Negative Reinforcement

A behavioral technique where the removal of an undesirable or unpleasant outcome after the display of a behavior increases the likelihood of the behavior being repeated in the future.

B. F. Skinner

A psychologist known for his work in behaviorism and for developing the theory of operant conditioning.

Cognitive Processes

Mental activities involved in acquiring, storing, retrieving, and using information.

Rescorla

Robert A. Rescorla is a psychologist known for his work on the involvement of cognitive processes in classical conditioning, particularly related to the predictability of the unconditioned stimulus.