Within neoclassical growth theory, technological change _________saving and__________
Investment.

Question

Quizplus · Accepted Answer

According to neoclassical growth theory, technological change increases both saving and investment as it leads to an increase in productivity, which in turn leads to an increase in output and income. This implies that individuals would save more due to higher income and firms would invest more due to the potential for higher profits. Therefore, the correct choice is D.

Within Neoclassical Growth Theory, Technological Change _________Saving And__________

Within Neoclassical Growth Theory, Technological Change _Saving And__