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An implication of the Solow growth model is that: Select one: a.output per worker will be maximised at the steady-state level. b.it is impossible for
An implication of the Solow growth model is that:
Select one:
a.output per worker will be maximised at the steady-state level.
b.it is impossible for a country to save ‘too much’.
c.economies will automatically move to the optimal saving rate.
d.there may be a role for governments to play in moving the economy to its steady state.
e.all of the above apply.
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