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One difference between exogenous growth model and endogenous growth model is Select one: a.there is no steady state in the exogenous growth model, where it
One difference between exogenous growth model and endogenous growth model is
Select one:
a.there is no steady state in the exogenous growth model, where it is in endogenous model.
b.endogenous growth model explains technological progress unlike exogenous growth model
c.in endogenous growth model,total factor productivityis unimportant
d.marginal productivity of labor is more in endogenous model relative to exogenous growth model
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