Assuming that technological progress increases the efficiency of labour at a constant rate is called:
A) endogenous technological progress.
B) the efficiency-wage model of economic growth.
C) labour-augmenting technological progress.
D) the Golden Rule model of economic growth.
Correct Answer:
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Q1: The number of effective workers takes into
Q2: The efficiency of labour is a term
Q5: In a steady-state economy with a
Q5: In the Solow growth model with population
Q7: The rate of labour-augmenting technological progress (g)
Q7: According to the Solow model,persistently rising per-capita
Q9: The balanced growth property of the Solow
Q9: In a steady-state economy with population growth
Q10: In the Solow growth model,the steady-state growth
Q11: International data suggest that economies of countries
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