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Problem 4: Which of the following statements about the Solow model with population growth are FALSE? (a) An increase in the population growth rate lowers
Problem 4: Which of the following statements about the Solow model with population growth are FALSE? (a) An increase in the population growth rate lowers capital and output per capita in steady state. (b) An increase in the saving rate always raises capital per capita in steady state. (c) An increase in the saving rate always raises consumption per capita in steady state. ((1) An increase in TFP raises capital and output per capita (e) None of the above
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