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Which, if any, of the following statements is false in the Solow model: a) Higher saving leads to faster economic growth only in the short

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Which, if any, of the following statements is false in the Solow model: a) Higher saving leads to faster economic growth only in the short run. b) When the economy begins below the Golden Rule level of capital, reaching the Golden Rule level leads to higher consumption at all points in time. c) The lower the population growth rate is, the higher the steady-state level of capital per worker, and therefore there is a higher level of steady state income per worker. Select one: I. lib lila iv. none Next page Previous page

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