One Difference Between Exogenous Growth Models and Endogenous Growth Models

question 4

Multiple Choice

One difference between exogenous growth models and endogenous growth models is

• A) there is no steady state in an exogenous growth model
• B) endogenous growth models have no role for total factor productivity
• C) exogenous growth models seek to explain only short run business cycles
• D) endogenous growth models seek to explain technological progress
• E) exogenous growth models do not rely on production functions

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