The neoclassical growth model argues that the only way to increase growth in the long-run is

Question

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The neoclassical growth model emphasizes the importance of technological progress in promoting long-term economic growth. In this model, increases in savings and reductions in population growth and depreciation rates can lead to temporary increases in growth, but sustained growth over the long run depends on continuous improvements in technology. Thus, the best choice is D: increase technology growth.

The Neoclassical Growth Model Argues That the Only Way to Increase