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b) The Romer model focuses on the production of (non-rival) ideas. In class we assumed the production function for ideas to be A = A(1
b) The Romer model focuses on the production of (non-rival) ideas. In class we assumed the production function for ideas to be A = A(1 l)L. Explain what would happen to long-run growth if instead the production function for ideasis A = A(1 l)L9 with 6
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