Business, 14.04.2020 22:09 zel990252

Suppose that the government makes a one-time investment in new public school buildings, which results in a one-time reduction in consumption. The new public school buildings increase the efficiency with which human capital is accumulated. Use the endogenous growth model to determine the effects of this on the paths of aggregate consumption over time. Is it clear that this investment in new schools is a good idea

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Suppose that the government makes a one-time investment in new public school buildings, which result...

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