Multiple Choice
An increase in the saving rate in a steady-state economy would cause
A) a rightward movement along the saving-per-worker curve and an increase in the capital-labor ratio.
B) an upward shift in the saving-per-worker curve and an increase in the capital-labor ratio.
C) a downward shift in the saving-per-worker curve and a decrease in the capital-labor ratio.
D) a leftward movement along the saving-per-worker curve and a decrease in the capital-labor ratio.
Correct Answer:
Verified
Correct Answer:
Verified
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