In the endogenous growth model presented in the text, an increase in the efficiency of human capital accumulation
A) decreases the growth rate of human capital and reduces total factor productivity.
B) increases the growth rate of human capital and decreases the growth rate of output.
C) increases the growth rate of human capital and increases the growth rate of output.
D) decreases the growth rate of human capital and increases the growth rate of output.
E) decreases the growth rate of human capital and decreases the growth rate of output.
Correct Answer:
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