In neoclassical growth theory, technological progress is the key to continuous growth in labor productivity.

Name: In neoclassical growth theory, technological progress is the key to continuous growth in labor productivity.
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In neoclassical growth theory, technological progress is considered the main driver of sustained increases in labor productivity over the long term, as it allows for more output to be produced per unit of labor.

In Neoclassical Growth Theory, Technological Progress Is the Key to Continuous