In the Steady State of Solow's Exogenous Growth Model,an Increase

question 49

Multiple Choice

In the steady state of Solow's exogenous growth model,an increase in the growth rate of labour force

• A) increases output per worker and increases capital per worker.
• B) increases output per worker and decreases capital per worker.
• C) decreases output per worker and increases capital per worker.
• D) decreases output per worker and decreases capital per worker.
• E) decreases output per worker and the marginal product of labour.

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Definitions:

Contingency Theory

A theory in organizational behavior that suggests the effectiveness of leadership depends on the situation at hand and how certain factors affect the situation's outcome.

Social Learning

The process of acquiring new behaviors through observation and imitation of others, as proposed by Albert Bandura.

Classical Conditioning

The procedure of learning through establishing connections between a stimulus from the surroundings and one that occurs naturally.

Secondary Reinforcers

A stimulus that gains its reinforcing power through its association with a primary reinforcer; also known as conditioned reinforcers.