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Generally Speaking Technological Progress Leads to Higher Output

Question 1

Multiple Choice

Generally speaking technological progress leads to higher output


A) purely because it raises the productivity of capital
B) purely because it raises the steady-state capital stock
C) because it raises both the productivity of capital and the steady state capital stock
D) purely because it increase the capital stock for a given production function
E) purely because it raises the output produced by a given capital stock

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