Solved

In the Absence of Technological Progress,an Increase in the Saving

Question 38

Multiple Choice

In the absence of technological progress,an increase in the saving rate will cause which of the following?


A) increase temporarily the growth of output per worker
B) increase the steady state growth of output per worker
C) decrease temporarily the growth of output per worker
D) decrease the steady state growth of output per worker
E) have an ambiguous effect on the growth of output per worker

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions