Multiple Choice
Other things the same,if a country raises its saving rate,then in the long run
A) both the level and growth rate of real GDP are unchanged.
B) the level of real GDP is higher but the growth rate of real GDP is unchanged.
C) both the level and growth rate of real GDP are higher.
D) None of the above are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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