Question: Please help 21. What is the feature about ideas that allows objects and ideas to have in- creasing returns together? A. Excludability B. Non-excludability C.

Please help

Please help 21. What is the feature about ideas that allows objects

21. What is the feature about ideas that allows objects and ideas to have in- creasing returns together? A. Excludability B. Non-excludability C. Rival D. Non-rival 22. According to the quantity theory of money, if the money supply grows much faster than real GDP, then the economy will experience A. Hyperinflation B. Inflation C. Stagflation D. Deflation 23. Consider the Cobb-Douglass production function Y = AK1/312/3, what equa- tion describes the growth rate of y (gy) in terms of the growth rate of tech- nology (gA), capital (gx), and labor (91)? A. gy = gA + gx + gL B. gy = gA + 9K + 9L 2/3 C. gy = gA + 39k + 391 D. JK = gA + gx + 291

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!