Which of the following is an incorrect statement about growth theories? A、Neoclassical growth cannot explain long-term economic growth because of diminishing returns. B、The AK model can explain long-term economic growth due to its assumption of exogenous spillovers. C、Schumpeterian growth can explain long-term economic growth, in a framework of perfect competition, due to creative destruction. D、Smithian growth can explain long-term economic growth in monopolistic competition due to the deepening of the division of labor._考试资料网

单项选择题

Which of the following is an incorrect statement about growth theories?
A、Neoclassical growth cannot explain long-term economic growth because of diminishing returns.
B、The AK model can explain long-term economic growth due to its assumption of exogenous spillovers.
C、Schumpeterian growth can explain long-term economic growth, in a framework of perfect competition, due to creative destruction.
D、Smithian growth can explain long-term economic growth in monopolistic competition due to the deepening of the division of labor.

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