Endogenous growth implies the steady-state growth rate is affected by ________ and ________.

Question

Quizplus · Accepted Answer

Endogenous growth theory suggests that economic growth is primarily influenced by internal factors rather than external ones. This includes economic behavior, such as savings and investment decisions, and economic policy, such as fiscal and monetary policies, which can directly affect a nation's growth rate by influencing productivity, innovation, and technological advancements.

Endogenous Growth Implies the Steady-State Growth Rate Is Affected by ________