In the Textbook Model of Endogenous Growth,long-Run Output Growth Would

question 69

Multiple Choice

In the textbook model of endogenous growth,long-run output growth would decline if there were either a ________ in the saving rate or a ________ in the depreciation rate.

• A)rise; rise
• B)rise; fall
• C)fall; rise
• D)fall; fall

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Definitions:

Basic Need

Fundamental requirements that sustain human life, such as food, water, shelter, and safety.

Shelter

A structure or place providing protection from weather, danger, or discomfort; it can also refer to organizations offering refuge to the homeless or abused.

Emancipated Minor

A person under the age of majority who is granted most adult rights through a legal process, including the ability to enter contracts and make healthcare decisions.

Legal Definition

A precise and formal explanation of a legal term or concept.