In the Schumpeterian R&D Model of Technological Progress, the Rate

Multiple Choice

In the Schumpeterian R&D model of technological progress, the rate of technological progress is:

A) inversely (negatively) related to the amount of productive resources.
B) directly (positively) related to the cost of innovation.
C) directly related to the expected profits from innovation.
D) directly related to the interest rate.
E) All of the above.