Multiple Choice
In the Solow growth model,if the level of investment is less than depreciation at the initial capital-labour ratio,then △k is ________ and the capital-labour ratio ________ toward the steady-state capital-labour ratio.
A) greater than zero; increases
B) greater than zero; decreases
C) less than zero; increases
D) less than zero; decreases
Correct Answer:
Verified
Correct Answer:
Verified
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