How Will Technological Advancement Impact the Steady State Level of Capital

question 114

Multiple Choice

How will technological advancement impact the steady state level of capital in the Solow growth model?

• A) It will have no effect.
• B) It will increase the steady state level of capital.
• C) It will decrease the steady state level of capital.
• D) It will increase the steady state level in the short run but not the long run.
• E) It will increase the steady state level in the long run but decrease the steady state level in the short run.

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