According to the Solow model, technological progress will cause output to increase for two reasons. What are these two reasons?
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Q157: Q158: As capital deepening occurs, there will be Q159: The substantial increase in clear property rights Q160: Q161: Technological progress directly raises output, but also Q162: Eventually the process of capital deepening comes Q163: Draw a graph showing the Solow model. Q165: A higher saving rate will promote capital Q166: The capital deepening model developed by Robert Q167: As capital deepening occurs, there will be
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