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

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Suppose that z, the marginal product of efficiency units of labour, 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: 978-0133847147

5th Canadian edition

Authors: Stephen d. Williamson

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Question Posted: Feb 16, 2019 06:19 AM

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

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Macroeconomics

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