Solved

In the Long Run,an Increase in the Saving Rate in a Steady-State

Question 1

Multiple Choice

In the long run,an increase in the saving rate in a steady-state economy will cause


A) an increase in the capital-labour ratio and an increase in consumption per worker.
B) an increase in the capital-labour ratio and a decrease in consumption per worker.
C) a decrease in the capital-labour ratio and a decrease in consumption per worker.
D) a decrease in the capital-labour ratio and an increase in consumption per worker.

Correct Answer:

verifed

Verified

Related Questions