Desired Level of the Capital Stock 
-Consider the two graphs above.Suppose that technological progress is expected to reduce the future cost of capital goods.This would ________ the desired level of the capital stock,as depicted in graph ________.
Definitions:
Compounded Semi-annually
The calculation of interest on the initial investment plus any accumulated interest from previous periods, done twice a year.
Retirement Fund
A pool of funds accumulated during an individual's working life, intended to provide financial security upon retirement.
Invest
To allocate money in the expectation of some benefit in the future, such as income or profit.
Compounded Semi-annually
A method where interest is calculated and added to the principal twice a year.
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