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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

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.

question 1:

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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 long-run growth rate of output per worker increases the long-run level of output per worker decreases the long-run level of output per worker increases 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 long-run growth rate of output per worker decreases the long-run growth rate of output per worker increases the long-run level of output per worker decreases the long-run level of output per worker increases A permanent decrease in the population growth rate n. Select all that apply. steady state output per effective worker decreases steady state output per effective worker increases the long-run growth rate of output per worker decreases the long-run growth rate of output per worker increases the long-run level of output per worker decreases the long-run level of output per worker increases A permanent decrease in the growth rate of labor efficiency 9. Select all that apply: steady state output per effective worker decreases steady state output per effective worker increases the long-run growth rate of output per worker decreases the long-run growth rate of output per worker increases the long-run level of output per worker decreases the long-run level of output per worker increases A permanent decrease in the rate of capital depreciation 5. Select all that apply. steady state output per effective worker decreases steady state output per effective worker increases the long-run growth rate of output per worker decreases the long-run growth rate of output per worker increases the long-run level of output per worker decreases the long-run level of output per worker increases

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