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ashleyr1819 ashleyr1819
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5 years ago
What best explains why real GDP per person is always driven to the subsistence level in the classical model?
A) Population growth occurs, increasing the supply of labor.
B) Population growth occurs, shifting the labor supply curve leftward.
C) Growth is not possible so the demand for labor never changes.
D) Investment in capital decreases labor demand, decreasing the demand for labor.
Textbook 
Macroeconomics

Macroeconomics


Edition: 12th
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tiberiusxtiberiusx
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Posts: 46
5 years ago
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ashleyr1819 Author
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5 years ago
Correct Slight Smile TY
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Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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2 hours ago
Thanks for your help!!
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