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According to the AK model: Question 2 Answer a. Without technological progress there is no sustained growth b. There is only conditional convergence and no
According to the AK model: Question 2 Answer a. Without technological progress there is no sustained growth b. There is only conditional convergence and no global convergence c. An increase in the saving rate would lead to a temporary increase in the growth rate of output but not a permanent one d. None of the other answers is correct e. There is no convergence
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