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If there is a change in preferences within an economy that causes the growth rate of the labour force to decrease, what forces will move
If there is a change in preferences within an economy that causes the growth rate of the labour force to decrease, what forces will move the economy to the new steady state LOADING... ? Part 2 A. The decrease will mean that the sum of depreciation plus labour force growth will now be less than the rate of investment, and this imbalance will cause the steady-state capital stock per worker and income per worker to both increase. B. The decrease will mean that the sum of depreciation plus labour force growth will now be less than the rate of investment, and this imbalance will cause the steady-state capital stock per worker and income per worker to both decrease. C. The decrease will mean that the sum of depreciation plus labour force growth will now be greater than the rate of investment, and this imbalance will cause the steady-state capital stock per worker and income per worker to both decrease. D. The decrease will mean that the sum of depreciation plus labour force growth will now be less than the rate of investment, and this imbalance will cause the steady-state capital stock per worker to increase while the income per worker
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