An economy with a capital-labor ratio that is lower than the steady-state level can achieve a steady-state equilibrium at this lower capital-labor ratio only if
A)the savings rate decreases
B)the rate of depreciation decreases
C)the rate of population growth decreases
D)technological advances are made
E)all of the above

Question

Quizplus · Accepted Answer

The Answer of An economy with a capital-labor ratio that is lower than the steady-state level can achieve a steady-state equilibrium at this lower capital-labor ratio only if
A)the savings rate decreases
B)the rate of depreciation decreases
C)the rate of population growth decreases
D)technological advances are made
E)all of the above

An Economy with a Capital-Labor Ratio That Is Lower Than