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Business, 24.12.2019 18:31 ppennycuff405125

In a economy there is no sustained per capita economic because population always increases following any one-time increase in output (food). *(fill in the blanks)?

2- why does steady technological growth allow economies to escape a malthusian trap?

a- because output can grow slower than population, leading to higher output per capita.

b- because output can grow faster than population, leading to higher output per capita.

c- because output can grow faster than prices, leading to deflation.

d- because output can grow just as fast as population, leading to constant output per capita.

3- solow showed that labor-augmenting technology leads to a positive growth rate for capital and output, even as labor time remains constant or declines slightly. (true or false)?

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