Within Neoclassical Growth Theory, Technological Change ________ Saving and ________

question 61

Multiple Choice

Within neoclassical growth theory, technological change ________ saving and ________ investment.

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

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Definitions:

Maturational

Pertaining to the process of maturing or developing to a more advanced stage, often in the context of biological or psychological growth.

Consequents

The outcomes or results that logically follow given premises in a conditional statement.

Antecedents

In logic and grammar, the elements that precede or serve as a condition to other elements, often referring to the first part of a conditional statement.

Disjuncts

In logic and grammar, parts of a disjunctive proposition that express alternatives, where the truth of any one implies the falsehood of the other(s).