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The assumption that technological progress increases the efficiency of labor is called: a.the efficiency-wage model of economic growth. b.labor-augmenting technological progress. c.endogenous technological
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The assumption that technological progress increases the efficiency of labor is called:

a.the efficiency-wage model of economic growth.
b.labor-augmenting technological progress.
c.endogenous technological progress.
d.the Golden Rule model of economic growth. PreviousNext

User LoneSpawn
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Answer:

B - Labor-Augmenting Technological Progress

Step-by-step explanation:

Labour-augmenting technical change process makes workers more productive and enhance efficiency.

User Kathryn
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