In the Romer model. as more labor is devoted to research and development ________
A) there is an immediate decrease in output per capita
B) there is an immediate increase in output per capita
C) output per capita is unaffected, but the savings rate begins to rise
D) output per capita is unaffected, but the savings rate begins to fall
A
Economics
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Deb's income has just risen from $950 per week to $1,050 per week. As a result, she decides to increase the number of movies she attends each month by 5 percent. Her demand for movies is
A) represented by a vertical line. B) represented by a horizontal line. C) income elastic. D) income inelastic.
Economics
A decrease in the unemployment rate will shift an economy's production possibilities curve outward
a. True b. False Indicate whether the statement is true or false
Economics