For each of the economic changes listed in parts (a) and (b), assess the likely impact on

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For each of the economic changes listed in parts $a$ and $b$, assess the likely impact on the growth rate and the level of output over the next five years and over the next five decades.

a. A permanent reduction in the rate of technological progress.

b. A permanent reduction in the saving rate.

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Macroeconomics

ISBN: 9780134897899

8th Edition

Authors: Olivier Jean Blanchard

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Question Posted: Mar 11, 2024 03:00 AM

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For each of the economic changes listed in parts (a) and (b), assess the likely impact on

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a Permanent reduction in the rate of technological progress Next five years The growth rate over the ...View the full answer

Macroeconomics

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