-(Figure: the Solow Model)If the Production Function Shifts from Y₁

question 80

Multiple Choice

-(Figure: The Solow Model) If the production function shifts from Y₁ to Y₂ in the accompanying graph of the Solow model,then:

• A) no growth will occur.
• B) catching-up growth will occur.
• C) cutting-edge growth will occur.
• D) both catching-up and cutting-edge growth will occur.