Q4.Romer model predicts that the more labor you dedicate to generating ideas, the a) faster you accumulate knowledge and a gain to current output in the consumption sector. b) slower you accumulate knowledge and at a loss to current output in the consumption sector. c) faster you accumulate knowledge but at a loss to current output in the consumption sector. d) none of the above. d) should hire more labor until MP L = w

Q4.Romer model predicts that the more labor you dedicate to generating ideas, the a) faster you accumulate knowledge and a gain to current output in the consumption sector. b) slower you accumulate knowledge and at a loss to current output in the consumption sector. c) faster you accumulate knowledge but at a loss to current output in the consumption sector. d) none of the above. d) should hire more labor until MP L = w

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter9: Aggregate Expenditures

Section: Chapter Questions

Problem 12E

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