onsider the following scenario in the context of the Solow model discussed in class. Initially, the economy has a growth rate of GDP per capita of 2% per year. Suppose that the government decides to enact a policy that increases the savings rate from 10% to 15%. Which of the following statements are TRUE about the eects of the policy on the long-run behavior of the economy (i.e. when capital per eective worker reaches its long-run stable level)? Mark all TRUE answers: a) The growth rate of GDP per capita is higher than before. b) The growth rate of GDP per capita is the same as before. c) The long-run level of GDP per capita is higher than it would have been if the savings rate had not increased. d) The long-run level of GDP per capita is lower than it would have been if the savings rate had not increased. e) In steady state, the level of capital per ecient worker is the same as before. 2