In the endogenous growth model with human capital, spending more time on education
A) decreases the growth rate and increases output in the short term.
B) decreases the growth rate and decreases output in the short term.
C) increases the growth rate and increases output in the short term.
D) increases the growth rate and decreases output in the short term.
D
Economics
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What will be an ideal response?
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Most Keynesian macroeconomists today ________ the natural rate hypothesis, which has helped lead to the ________ of Keynesian macroeconomics in the 1990s
A) reject, near-total extinction B) reject, revival C) accept, near-total extinction D) accept, revival
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