Elucidate the impact of an increase in production technolog

Reference no: EM1334959

Modeling the Effects of Improvements in Technology

Ceteris Paribus means "other things the same" or "all other things being equal". In the Keynesian, Classical, and Solow model, what is the impact of an increase in production technology (i.e. an increase in the ability to produce output with the same amount of input) ceteris paribus?

Reference no: EM1334959

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