Economy, asked by azharhussain68, 4 months ago

what is neoclassical school of thought predicts about long run economics growth? according to solow swan model

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Answered by Anonymous

A standard Solow model predicts that in the long run, economies converge to their steady state equilibrium and that permanent growth is achievable only through technological progress.

Answered by singhkj500

Answer:

A standard Solow model predicts that in the long run, economies converge to their steady state equilibrium and that permanent growth is achievable only through technological progress.

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