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An Increase in the __________ Leads to a Higher Steady-State

Question 21

Multiple Choice

An increase in the __________ leads to a higher steady-state level of output;and an increase in __________ leads to a lower steady-state level of output.


A) saving rate;depreciation rate
B) saving rate;productivity
C) productivity;the initial capital stock
D) depreciation rate;the labor stock
E) none of the above

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