A central lesson of the Solow model is a bit of a surprise:
A) Capital accumulation cannot serve as the engine of long-run per capita economic growth.
B) Capital accumulation is the only engine of long-run per capita economic growth.
C) Capital accumulation is the only engine of short-run per capita economic growth.
D) Saving rates serve as the engine of long-run per capita economic growth.
E) Both a and c are correct.
Correct Answer:
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A)the
