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02 5 Points Consider the Solow growth model with exogenous growth. For each of the following scenarios, assume that the economy is initially in a

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02 5 Points Consider the Solow growth model with exogenous growth. For each of the following scenarios, assume that the economy is initially in a steady state and select all of the results that will follow from the change. 02.1 1 Point A permanent increase in TFP A. Select all that apply. steady state output per effective worker decreases steady state output per effective worker increases the longrun groml': rate of output per worker decreases the longrun growth rate of output per worker increases the longrun level of output per worker decreases the longrun level of output per worker increases 02.2 1 Point A permanent decrease in the saving rate 3. Select all that apply. steady state output per effective worker decreases steady state output per effective worker increases the longrun groml': rate of output per worker decreases the longrun growth rate of output per worker increases the longrun level of output per worker decreases the longrun level of output per worker increases 02.3 'I Point A permanent decrease in the population growth rate R. Select all that apply. steady state output per effective worker decreases steady state output per effective worker increases the longrun growth rote of output per worker decreases the longrun growth rote of output per worker increases the longrun level of output per worker decreases the longrun level of output per worker increases 02.4 'I Point A permanent decrease in the growth rate of labor efciency 9. Select all that apply. steady state output per effective worker decreases steady state output per effective worker increases the longrun growth rote of output per worker decreases the longrun growth rote of output per worker increases the longrun level of output per worker decreases the longrun level of output per worker increases 02.5 'I Point A permanent decrease in the rate of capital depreciation

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