Question
In the Romer model, if an economy's research share decreases, there will be: a) an immediate decrease in output and output growth slows b) an
In the Romer model, if an economy's research share decreases, there will be:
a) an immediate decrease in output and output growth slows
b) an immediate increase in output but output growth slows
c) an immediate increase in output and output growth accelerates
d) an immediate decrease in output but output growth accelerates e) no change in output but output growth slows.
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Managerial Economics and Organizational Architecture
Authors: James Brickley, Jerold Zimmerman, Clifford W. Smith Jr
5th edition
73375829, 978-0073375823
