Multiple Choice
In a steady state with population growth and technological progress:
A) the real rental price of capital is constant and the real wage grows at the rate of technological progress.
B) the real rental price of capital grows at the rate of technological progress and the real wage is constant.
C) both the real rental price of capital and the real wage grow at the rate of technological progress.
D) both the real rental price of capital and the real wage are constant.
Correct Answer:
Verified
Correct Answer:
Verified
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