In the Solow growth model, what are the effects of (a) an increase in the savings rate;

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In the Solow growth model, what are the effects of

(a) an increase in the savings rate; and

(b) a decrease in the labor force on output per worker and economic growth in the long run?

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Macroeconomics

ISBN: 9781292215792

6th Global Edition

Authors: Stephen Williamson

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