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Consider the Solow model below and assume a positive population growth (i.e., n>O). Which of the following statements is NOT TRUE? O A. At the
Consider the Solow model below and assume a positive population growth (i.e., n>O). Which of the following statements is NOT TRUE? O A. At the steady state, capital accumulation offsets capital depletion exactly clue to population growth and depreciation; thus, the economy stays at the steady state. 0 B. At steady state, in the absence of technological progress, the total output Y of the economy does not increase. 0 C. If population growth increases, the (n+d)k line steepens and the steady state will move to the left, reducing GDP per capita. O D. If the savings rate increases, the sy line shifts up and the steady state will move to the right, thereby increasing GDP per capita
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