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Which of the following ideas apply to the neoclassical growth theory?
I. Technological change results from chance.
II. Growth in real GDP stops if technology stops advancing.
Romanesque
An architectural style of Europe characterized by semi-circular arches, robust appearance, and thick walls, prevalent in the 11th and 12th centuries.
Material
The substance or substances of which any physical object is composed or can be made, including metals, woods, plastics, and textiles.
Location
A specific place or position, often used in various contexts to define where something is situated or found.
Moral Hazard
A situation in which one party is more willing to take risks because the costs that may result will not be borne by them.
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