Answer: Classical model

## Explanation This question refers to the **Classical growth theory** (specifically the Malthusian model), which posits that: - **Technological progress** temporarily increases output per capita - However, this leads to **population growth** as people have more children - Eventually, population growth catches up with output growth - The result is **no long-term increase in per capita output** - people return to subsistence level **Why not the other options:** - **Neoclassical model**: Predicts convergence and sustained growth through capital accumulation - **Endogenous growth model**: Emphasizes that technological progress can lead to sustained growth through human capital and innovation **Key insight**: The classical model is pessimistic about long-term growth, suggesting that technological gains are ultimately consumed by population growth rather than raising living standards.

Author: LeetQuiz Editorial Team