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Consider the Solow growth model. The economy is initially in steady state, but then the population growth rate decreases by 3 percentage points. When the

Consider the Solow growth model. The economy is initially in steady state, but then the population growth rate decreases by 3 percentage points. When the economy again reaches steady state, there would be:

a. Higher capital per capita

b. No change in output per capita

c. A lower savings rate

d. Higher growth in the very long run

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