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-labor ratio and an increase in consumption per worker.
B) an increase in the capital-labor ratio and a decrease in consumption per worker.
C) a decrease in the capital-labor ratio and a decrease in consumption per worker.
D) a decrease in the capital-labor ratio and an increase in consumption per worker.
Correct Answer:
Verified
Correct Answer:
Verified
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