CAPITA OUTPUT to YEAR In the Romer model in figure above, at time to, a change in the shape of the production function can be explained by an increase in the: Select one: O a. ideas efficiency parameter. O b. population. O c. saving rate. O d. share of labor engaged in research. growth rate.

CAPITA OUTPUT to YEAR In the Romer model in figure above, at time to, a change in the shape of the production function can be explained by an increase in the: Select one: O a. ideas efficiency parameter. O b. population. O c. saving rate. O d. share of labor engaged in research. growth rate.

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter9: Production Functions

Section: Chapter Questions

Problem 9.8P

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Question

PER
CAPITA
OUTPUT
to
YEAR
In the Romer model in figure above, at time to, a change in the shape of the production function can be
explained by an increase in the:
Select one:
O a.
ideas efficiency parameter.
O b. population.
O c. saving rate.
O d. share of labor engaged in research.
O e.
growth rate.

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