How will each of the following affect the steady-state growth rate of the standard of living? Assume the economy is currently in the steady state.
a. an increase in the depreciation rate
b. an increase in the growth rate of labour-augmenting technological change
c. a decrease in the saving rate
d. a decrease in the labour-force growth rate

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The Answer of How will each of the following affect the steady-state growth rate of the standard of living? Assume the economy is currently in the steady state.
a. an increase in the depreciation rate
b. an increase in the growth rate of labour-augmenting technological change
c. a decrease in the saving rate
d. a decrease in the labour-force growth rate

How Will Each of the Following Affect the Steady-State Growth