A surprising result of the Solow model is that capital accumulation cannot serve as the engine of growth in the long run.

Name: A surprising result of the Solow model is that capital accumulation cannot serve as the engine of growth in the long run.
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Question

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The Solow model shows that in the long run, it is technological progress that leads to sustained economic growth, rather than just accumulating more capital.

A Surprising Result of the Solow Model Is That Capital