4. The Solow model shows that an economys rate of population growth is another long-run determinant of

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4. The Solow model shows that an economy’s rate of population growth is another long-run determinant of the standard of living.The higher the rate of population growth, the lower the level of output per worker.

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Macroeconomics

ISBN: 9780716752370

5th Edition

Authors: N. Gregory Mankiw

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