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Please try your best! choice the correct options Consider a society without population growth or technological progress, but where the capital-output ratio is trending upwards.
Please try your best!
choice the correct options
Consider a society without population growth or technological progress, but where the capital-output ratio is trending upwards. Using the neoclassical theory of distribution described in the text (including the assumption of a Cobb-Douglas production function), what will be the effect of the capital accumulation on wages and on the share of national income paid to capital?
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