For a neoclassical growth model, which of the following statements is FALSE?
A) an increase in the savings rate will increase the steady-state growth rate of aggregate output
B) an increase in population growth will increase the steady-state growth rate of aggregate output
C) an increase in population growth will reduce the steady-state level of income per capita
D) if poor countries save at the same rate as rich countries and have access to the same technology, they will eventually catch up
E) long-run growth results from improvements in technology
Correct Answer:
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