Chapter 18 - Assignment 2: Breaking Down the Barriers to Technological Progress
Read the Federal Reserve Bank of Minneapolis' report entitled: "Breaking Down the Barriers to Technological Progress: How U.S. policy can promote higher economic growth," by Preston J. Miller and James A. Schmitz.
- What do the authors claim is the key to increasing the rate of growth of productivity in the U.S.?
- Describe the methods suggested by the authors to achieve this goal. Explain why each of these policies might have an effect on productivity growth?
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