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Use the Solow model with exogenous growth to answer the following. 03.1 1 Point Following a reduction in the population growth rate, output per worker
Use the Solow model with exogenous growth to answer the following. 03.1 1 Point Following a reduction in the population growth rate, output per worker growth permanently increases. 6) True 0 False Last saved on Dec 09 at 1:30 PM 03.2 1 Point The golden rule rate of saving is the rate of saving that maximizes steady state output per effective worker. 0 True 6) False Last saved on Dec 09 at 1:30 PM 03.3 1 Point The only way to increase the long-run growth rate of output per worker is to increase the growth rate of labor efficiency. 0 True 6) False Last saved on Dec 09 at 1:31 PM 03.4 1 Point Following a decrease in TFP, output per worker growth temporarily declines. 0 True G) False Last saved on Dec 09 at 1:31 PM
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