5. The purpose of growth theory is to explain technological progress. Some of these models do so...

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5. The purpose of growth theory is to explain technological progress. Some of these models do so by questioning the Solow model’s assumption of returns to capital.

a. endogenous, diminishing

b. endogenous, constant

c. exogenous, diminishing

d. exogenous, constant

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Macroeconomics

ISBN: 9781319263904

11th Edition

Authors: N. Gregory Mankiw

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