If the marginal product of capital is constant,
A) output does not increase when more capital is used in production
B) technological progress cannot shift the production function
C) investment is always equal to depreciation
D) the economy does not reach a steady state
E) the stock of capital never changes
Correct Answer:
Verified
Q1: One difference between exogenous growth models and
Q3: Which of the following is most frequently
Q4: Under the conditions of endogenous growth,
A) there
Q5: Which of the following is not an
Q6: The next questions refer to the following.
Suppose
Q7: The next questions refer to the following.
Suppose
Q8: Empirically,in recent decades
A) convergence has taken place
Q9: The next questions refer to the following.
Suppose
Q10: In the endogenous growth model with constant
Q11: One reason to believe that the marginal
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents