a) In the Solow growth model, capital exhibits diminishing returns. In a basic endogenous growth model,...

a) In the Solow growth model, capital exhibits diminishing returns. In a basic endogenous growth model, capital exhibits constant returns. What is the main implication of these differences to economic growth of a country/countries?

b) Suppose unemployment rate in Sweden this year dropped to the lowest level ever than before. Oddly, employment rate also fell from the prior year. How was this possible?

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Rahul Sunny answered 1 year ago

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