In the Solow model, technological change:
A) is not included in the model.
B) is assumed to be endogenous.
C) is assumed not to exist.
D) is assumed to be exogenous.
Correct Answer:
Verified
Q49: The 1987 the Nobel Laureate, awarded for
Q50: An implication of the Solow growth model
Q51: The 'golden rule', steady-state level of capital
Q52: Over the past century, virtually all countries
Q53: The law of diminishing returns in the
Q55: If an increase in labour and capital
Q56: The Solow growth model attempts to explain:
A)
Q57: If an increase in labour and capital
Q58: In the simple Solow growth model, investment
Q59: In the Solow growth model, investment is
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents