In the endogenous growth model, more time spent accumulating human capital implies
A) less consumption in the near term, but a higher growth rate of consumption in the future.
B) more consumption in the near term and a higher growth rate of consumption.
C) less consumption in the near term and no change in the growth rate of consumption.
D) more consumption in both the short and long run.
E) more consumption in the near term, but a lower growth rate of consumption in the future.
Correct Answer:
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