In the Solow Growth Model,an Increase in the Marginal Propensity

question 29

Multiple Choice

In the Solow growth model,an increase in the marginal propensity to consume shifts the ________,with the implied change in the capital stock resulting in a ________ standard of living in the long run.

• A)steady-state investment line upward,higher
• B)steady-state investment line downward,higher
• C)national saving line upward,lower
• D)national saving line upward,higher
• E)national saving line downward,lower

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