Endogenous growth models advocate:
A) labour force growth and chance inventions to boost productivity.
B) the use of government policy to develop the economy.
C) demand-side policies to increase potential GDP and economic growth.
D) low capital per worker ratios to increase economic growth.
Correct Answer:
Verified
Q30: What does the convergence hypothesis state?
A) Since
Q31: The convergence hypothesis assumes that industrialized countries
Q32: Endogenous growth theory considers models in which:
A)
Q33: Which of the following is ignored by
Q34: How do strong trade unions and legislation
Q36: In the neoclassical model of economic growth,
Q37: Which of the following is a criticism
Q38: How does an endogenous growth model differ
Q39: The UK has many educated managers, but
Q40: Which of the following is an example
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