Multiple Choice
The production of new ideas in the Romer model is:
A) increasing in the efficiency of creating knowledge and the fraction of labor in research and development.
B) decreasing in the efficiency of creating knowledge and increasing the fraction of labor in research and development.
C) increasing in the efficiency of creating knowledge and decreasing in the fraction of labor in research and development.
D) increasing in the population growth rate and capital accumulation.
E) decreasing in the efficiency of creating knowledge and in the fraction of labor in research and development.
Correct Answer:
Verified
Correct Answer:
Verified
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