Multiple Choice
In the endogenous growth model with constant marginal product of capital,
A) output in poor nations may not grow faster than output in rich nations
B) labor grows more rapidly than output
C) increasing investment has no effect on the economy's growth rate
D) a steady state occurs at less than full employment
E) the capacity utilization rate equals the rate of depreciation
Correct Answer:

Verified
Correct Answer:
Verified
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