In the Solow growth model, technological change is ______, whereas in endogenous growth theories, technological change is ______.
A) assumed; explained
B) explained; assumed
C) persistent; constant
D) constant; persistent

Question

Quizplus · Accepted Answer

In the Solow growth model, technological change is assumed and not explained, whereas in endogenous growth theories, technological change is explained and not just assumed.

In the Solow Growth Model, Technological Change Is ______, Whereas