The assumption that technological progress increases the efficiency of labour is called:
A) endogenous technological progress.
B) the efficiency-wage model of economic growth.
C) labour-augmenting technological progress.
D) the Golden Rule model of economic growth.
Correct Answer:
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Q4: According to the Solow model, persistently rising
Q6: If two economies are identical (including having
Q7: The rate of labour-augmenting technological progress (g)
Q8: In the Solow growth model, the steady-state
Q9: The efficiency of labour:
A)is the marginal product
Q13: In the Solow model with technological change,
Q14: In the Solow growth model with population
Q15: The balanced growth property of the Solow
Q17: Conditional convergence occurs when economies converge to:
A)
Q24: Hypotheses to explain the positive correlation between
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