The New Growth Theory That Arose in the Late 1980s

question 51

Multiple Choice

The new growth theory that arose in the late 1980s has been described as ________ because it treats technological change as ________.

• A)exogenous,random unpredictable shocks
• B)exogenous,generated by market incentives
• C)endogenous,random unpredictable shocks
• D)endogenous,generated by market incentives

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Definitions:

Economic Factor

Any factor that relates to the economy and has an influence on financial matters, such as employment rates, inflation, or consumer spending patterns.

Extra Supports

Methods or resources provided to individuals or groups to help them overcome challenges and succeed.

Community

A group of people living in the same place or having a particular characteristic in common, often sharing a sense of belonging or mutual support.

Motivated

Having a strong desire or willingness to do something or achieve a particular goal.