Explain, using the OLG model, how an increase in the growth rate of technology affects welfare - specifically, argue how the intertemporal discount rate may change in response to an increase in technological growth and . Be thorough.

Economics (MindTap Course List)
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ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter17: Economic Growth: Resources, Technology, Ideas And Institutions
Section17.2: A Production Function And Economic Growth
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Explain, using the OLG model, how an increase in the growth rate of technology affects welfare - specifically, argue how the intertemporal discount rate may change in response to an increase in technological growth and . Be thorough.

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