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How does the marginal product of capital change when TFP (total factor productivity) grows versus when the capital-labor ratio grows? State in math, and add
How does the marginal product of capital change when TFP (total factor productivity) grows versus when the capital-labor ratio grows? State in math, and add sentences for intuition.
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Economics Today The Macro View
Authors: Roger LeRoy Miller
18th Edition
0133884872, 978-0133884876
