In the endogenous growth model, government policy can affect
A) the budgetary deficit.
B) exports.
C) leisure.
D) the growth rate of aggregate output and consumption.
E) interest rates.
Correct Answer:
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Q1: A human capital externality is
A)when an individual
Q3: In contrast to the Solow growth model,
Q4: In the endogenous growth model presented in
Q5: What explains the differences in standards of
Q6: Romer's model of endogenous growth is
A)inconsistent with
Q7: Human capital is
A)the accumulated stock of physical
Q8: Nonrivalry means
A)it is possible to prevent a
Q9: If the time allocated to human capital
Q10: Which of the following is best characterized
Q11: In the Solow growth model
A)higher total factor
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