Multiple Choice
In the Romer model, with decreasing returns to the knowledge sector:
A) the number of researchers is irrelevant to long-term per capita income.
B) more researchers produce more ideas, raising the long-run growth rate of per capita income.
C) more researchers produce fewer ideas, raising the long-run growth rate of per capita income.
D) more researchers produce more ideas, raising the long-run level of per capita income.
E) more researchers cause the knowledge stock to contract.
Correct Answer:

Verified
Correct Answer:
Verified
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