According to the neoclassical growth model, how would each of the following affect consumption per worker in
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a. The destruction of a portion of the country's capital stock in a war.
b. A permanent increase in the rate of immigration (which raises the overall population growth rate).
c. A permanent increase in energy prices.
d. A temporary rise in the saving rate.
e. A permanent increase in the fraction of the population in the labour force (the population growth rate is unchanged).
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Related Book For
Macroeconomics
ISBN: 978-0321675606
6th Canadian Edition
Authors: Andrew B. Abel, Ben S. Bernanke, Dean Croushore, Ronald D. Kneebone
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