What effect should each of the following have on long-run living standards, according to the neoclassical growth

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What effect should each of the following have on long-run living standards, according to the neoclassical growth model?
a. An increase in the saving rate.
b. An increase in the population growth rate.
c. A one-time improvement in productivity.

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Macroeconomics

ISBN: 978-0321675606

6th Canadian Edition

Authors: Andrew B. Abel, Ben S. Bernanke, Dean Croushore, Ronald D. Kneebone

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Question Posted: Apr 01, 2016 03:49 AM

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What effect should each of the following have on long-run living standards, according to the neoclassical growth

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a An increase in the saving rate increases longrun livin...View the full answer

Macroeconomics

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