Multiple Choice
Suppose an economy is in a steady state,then its saving rate falls,once and permanently.As the economy approaches its new long-run steady state,consumption per worker is ________.
A) falling
B) rising
C) unaffected
D) either rising or falling
Correct Answer:

Verified
Correct Answer:
Verified
Q53: Population growth is similar to depreciation,in that
Q54: If depreciation is less than investment _.<br>A)capital
Q55: The Solow model is _.<br>A)the basic model
Q56: In a steady-state economy with no population
Q57: There are no questions for this section.<br>6.7
Q59: International evidence on the relationship of per
Q60: Changes in the capital stock are caused
Q61: Figure 6.1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5036/.jpg" alt="Figure 6.1
Q62: If productivity is growing at some sustained
Q63: In the past 50 years,per capita income