4. According to the growth model, each of the following leads to higher output, consumption, and capital

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4. According to the growth model, each of the following leads to higher output, consumption, and capital per worker in the long run: an increase in the saving rate, a decline in the population growth rate, and an increase in productivity.

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Macroeconomics Plus Myeconlab With Pearson Global Edition

ISBN: 377221

9th Canadian Edition

Authors: Andrew B. Abel ,Ben Bernanke ,Dean Croushore

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