What is true for Neo-Classical growth model ?
(i) Rate of interest and profit are flexible
(ii) Capital is heterogeneous
(iii) Perfect competition prevails
(iv) Capital and labour are substitutable
Choose the correct answer from the code given below:
1
(i), (iii) and (iv)
2
(i), (ii) and (iii)
3
(ii) and (iii)
4
All of the above