Author Question: The primary difference between the neoclassical growth model and endogenous growth models is that ... (Read 106 times)

chandani · **on:** Jun 30, 2018

The primary difference between the neoclassical growth model and endogenous growth models is that

a. the neoclassical growth model assumes that technology is exogenous.
b. endogenous growth models attempt to explain movements in technology within the model.
c. changes in savings rates can affect growth in the long-run in endogenous growth models.
d. both a and b.
e. all of the above.

Question 2

According to the Monetarists, the real effect of monetary policy on output is

a. long-lasting and unpredictable.
b. predictable and beneficial.
c. nonexistent in the short run.
d. always less than fiscal policy