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Consider the Solow model.Which of the following raises the steady-state equilibrium growth rate of income per capita? Select all that apply. Decrease in population growth
Consider the Solow model.Which of the following raises the steady-state equilibrium growth rate of income per capita?Select all that apply.
Decrease in population growth rate
Increase in population growth rate
Decrease in TFP
Decrease in savings rate
None of these!
Increase in TFP
Increase in TFP growth rate
Increase in savings rate
Decrease in TFP growth rate
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