-(Figure: The Solow Model)If the production function shifts from Y₁ to Y₂ in the accompanying graph of the Solow model,then: A) no growth will occur. B) catching-up growth will occur. C) cutting-edge growth will occur. D) both catching-up and cutting-edge growth will occur.

Question

Quizplus · Accepted Answer

If the production function shifts from Y₁ to Y₂ in the accompanying graph of the Solow model, then both catching-up and cutting-edge growth will occur.

-(Figure: the Solow Model)If the Production Function Shifts from Y1

-(Figure: the Solow Model)If the Production Function Shifts from Y₁