Explain whether the statement is true or false. One must necessarily relax the assumption of decreasing returns

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Explain whether the statement is true or false.

One must necessarily relax the assumption of decreasing returns to capital to obtain the endogenous per capita income growth in the model.

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Algebra and Trigonometry

ISBN: 978-1337271172

10th edition

Authors: Ron Larson

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Posted Date: Apr 30, 2019 09:02 AM

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Explain whether the statement is true or false. One must necessarily relax the assumption of decreasing returns

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Just to set the context in the basic Solow model growth occurs only because of factor accumulation T... View the full answer

Algebra and Trigonometry

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