Multiple Choice
A productivity improvement raises steady-state output and consumption per worker in all the ways given below except
A) it increases the amount that can be produced at any given capital-labour ratio.
B) it decreases the depreciation rate of capital.
C) it causes the steady-state capital-labour ratio to rise.
D) it causes saving per worker to rise.
Correct Answer:
Verified
Correct Answer:
Verified
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