A reduction in the saving rate will not affect which of the following variables in the long run?
A) output per worker
B) the growth rate of output per worker
C) the amount of capital in the economy
D) capital per worker
E) none of the above
Correct Answer:
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Q1: As an economy adjusts to an increase
Q3: Explain the relationship among output,saving,and investment.
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
Q9: In the absence of technological progress,we know
Q10: In the absence of technological progress,which of
Q11: When an economy is operating at the
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