The New Growth Theory Was Developed by ________ and Proposes

question 190

Multiple Choice

The new growth theory was developed by ________ and proposes that ________.

• A) Paul Romer; the desire for profits drives increases in real GDP per person
• B) Robert Solow; increases in technology growth are responsible for economic growth
• C) Thomas Malthus; increases in population drive wages to their subsistence level
• D) Adam Smith; markets will determine the appropriate economic growth rate
• E) Ben Bernanke; changes in the money supply drive economic growth

---

Definitions:

Little Albert

The subject of a famous psychology experiment by John B. Watson, demonstrating how emotional responses could be conditioned in humans.

Classical Conditioning

A learning process that pairs a neutral stimulus with a stimulus that elicits a reflexive response until the neutral stimulus alone elicits that response.

Observational Learning

A form of social learning where behaviors are learned by watching and imitating the actions of others.

Conditioned Taste-Aversion

Learning to avoid a food or drink because it has been associated with an illness or negative experience, even after only one exposure.