_____is an example of microeconomics theory.
a) theory of Consumption
b) Theory of economic growth
c) Theory of money
d) theory of income, employment and output
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Answer:
answer is b hope it help you
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Answer:
The correct answer is option b) Theory of economic growth.
Explanation:
Theory of economic growth is an example of microeconomics theory.
The Classical Growth Theory proposes that a nation's economic growth will decline with increasing inhabitants and specified resources.
The neoclassical theory of economic development indicates that raising capital or labor guides diminishing returns. Therefore, raising capital has just a brief and narrow effect on increasing economic growth. As capital increases, the economy keeps its steady-state rate of financial increase.
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