Suppose that z, the marginal product of efficiency units of labor, increases in the endogenous growth model.

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Suppose that z, the marginal product of efficiency units of labor, increases in the endogenous growth model. What effects does this have on the rates of growth and the levels of human capital, consumption, and output? Explain your results.

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Macroeconomics

ISBN: 978-0132991339

5th edition

Authors: Stephen d. Williamson

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Question Posted: Dec 05, 2014 09:57 AM

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Suppose that z, the marginal product of efficiency units of labor, increases in the endogenous growth model.

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Macroeconomics

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