The fundamental logic behind the AK model is:
A) there are no diminishing returns when there is technological progress.
B) there is permanent economic growth when there is technological progress.
C) there are no diminishing returns when all factors are reproducible.
D) there is no economic growth unless all factors are reproducible.
Correct Answer:
Verified
Q1: The reason that an increase in α
Q2: An implication of the AK model is
Q4: In Rebelo's AK model, the parameter α
Q5: In Rebelo's AK model, the production function
Q6: In the AK model, the capital stock
Q7: The AK model is important because:
A) investment
Q8: In the Cobb-Douglas production function, the closer
Q9: All things equal, an economy with a
Q10: The AK model generates permanent economic growth
Q11: The S-curve graphically illustrates:
A) the relationship between
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