In the Absence of Technological Progress,we Know with Certainty That

question 31

Multiple Choice

In the absence of technological progress,we know with certainty that an increase in the saving rate will cause which of the following?

• A)increase steady state consumption
• B)decrease steady state consumption
• C)have no effect on steady state consumption
• D)increase steady state consumption only if the increase in saving exceeds the increase in depreciation
• E) increase steady state consumption only if the increase in saving is less than the increase in depreciation

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Definitions:

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