In the Neoclassical Growth Model,an Increase in the Saving Rate

question 48

Multiple Choice

In the neoclassical growth model,an increase in the saving rate will

• A)increase the long-run equilibrium rate of growth in output.
• B)reduce the long-run equilibrium rate of growth in output.
• C)leave the long-run equilibrium rate of growth in output unchanged.
• D)affect the long-run equilibrium rate of growth in output but the direction of the effect is uncertain.

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Definitions:

Pentanamide

An organic compound characterized by the presence of a five-carbon chain terminated with an amide group, with the formula CH3(CH2)3CONH2.

1-Pentanamine

An organic compound, a type of primary amine with the chemical formula C5H13N, used in chemical synthesis and as an intermediate.

Reagent

A substance or compound added to a system to cause a chemical reaction or test for a reaction.

Nitrile

An organic compound containing the cyano group (-C≡N), characterized by a carbon triple-bonded to a nitrogen atom.