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book Macroeconomics 12th Edition by Rudiger Dornbusch ,Stanley Fischer,Richard Startz cover

Macroeconomics 12th Edition by Rudiger Dornbusch ,Stanley Fischer,Richard Startz

Edition 12ISBN: 978-1259070969
book Macroeconomics 12th Edition by Rudiger Dornbusch ,Stanley Fischer,Richard Startz cover

Macroeconomics 12th Edition by Rudiger Dornbusch ,Stanley Fischer,Richard Startz

Edition 12ISBN: 978-1259070969
Exercise 5
Consider once more the neoclassical model with a steady-state level of per capita output. Suppose a society can choose its rate of population growth. How can this choice affect the steady-state per capita output Could such a policy help the country avoid falling into a poverty trap
b. Now suppose we have an endogenous growth model. How will a lower population growth rate affect the society's long-term growth potential
Explanation
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a. A country that is able to choose its ...

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Macroeconomics 12th Edition by Rudiger Dornbusch ,Stanley Fischer,Richard Startz
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