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
Correct Answer:
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Q4: In the absence of technological progress,which of
Q5: Which of the following statements is always
Q6: For an economy in which there is
Q7: Explain what condition must occur for each
Q8: An increase in the saving rate will
Q10: In the absence of technological progress,which of
Q11: When an economy is operating at the
Q12: The capital-labor ratio will tend to decrease
Q13: Which of the following is not a
Q14: In the model where it is assumed
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