Question
In the Solow model, an increase in the level of productivity and a concurrent increase in the savings rate, will lead in the steady-state to
In the Solow model, an increase in the level of productivity and a concurrent increase in
the savings rate, will lead in the steady-state to an increase in output per worker,
(a) through an indirect effect from capital per worker only.
(b) through a direct effect only.
(c) through a direct effect, and an indirect effect from capital per worker.
(d) none of the above.
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Accounting
Authors: Carl s. warren, James m. reeve, Philip e. fess
21st Edition
978-0324400205, 324225016, 324188005, 324400209, 9780324225013, 978-0324188004
