An Implication of the Solow Growth Model Is That

question 114

Multiple Choice

An implication of the Solow growth model is that:

• A) economies will automatically move from the optimal saving rate.
• B) there may be a role for governments to play in moving the economy to its steady state.
• C) output per worker will be maximised at the steady-state level.
• D) it is impossible for a country to save 'too much'.

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Definitions:

Multicultural Ideology

A worldview in which different cultural identities and viewpoints are acknowledged and appreciated.

Celebrate Diversity

The act of recognizing, respecting, and valuing differences among individuals in terms of ethnicity, gender, age, national origin, disability, sexual orientation, education, and religion.

Ignore Differences

The deliberate or unintentional refusal to recognize or acknowledge variations between entities or pieces of information.

Common Ingroup Identity

A recategorizing of members of two or more distinct groups into a single, overarching group.