Macroeconomics
Macroeconomics
13th Edition
ISBN: 9781337617390
Author: Roger A. Arnold
Publisher: Cengage Learning
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Chapter 17.2, Problem 3ST
To determine

Difference between neoclassical growth theory and new growth theory in terms of technology.

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What is neoclassical growth model of economic growth?
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Explain the consequences of both too low and too high a growth rate
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