A Neoclassical Growth Model Would Predict That If the Rates

question 46

Multiple Choice

A neoclassical growth model would predict that if the rates of both population growth and saving increase, then the steady-state capital-labor ratio will

• A)increase
• B)decrease
• C)stay the same
• D)temporarily increase, but then go back to its original level
• E)most likely change but we cannot say for sure how

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