A 50000 person metro area suffers the major loss of jobs

Reference no: EM13394021

Briefly contrast the neo-classical theory of growth with cumulative causation theory by describing what each would predict in the following scenario. A 50,000 person metro area suffers a major loss of jobs (1500) as a result of a large business closing shop. What would each theory predict would happen in the years following the closure?

Reference no: EM13394021

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