In the neoclassical growth model,an increase in the saving rate will
A) increase the long-run equilibrium rate of growth in output.
B) reduce the long-run equilibrium rate of growth in output.
C) leave the long-run equilibrium rate of growth in output unchanged.
D) affect the long-run equilibrium rate of growth in output but the direction of the effect is uncertain.
Correct Answer:
Verified
Q41: Endogenous growth models
A)predict absolute convergence.
B)predict conditional convergence.
C)do
Q42: Data on convergence suggests:
A)poor countries are converging
Q43: According to Edward Denison,during the 1929-1982 period,real
Q44: The "A" in the neoclassical production function
Q45: In the neoclassical growth model,convergence is conditional
Q46: If an economy is growing at 2
Q47: In the neoclassical growth model,the rate of
Q48: According to Edward Denison,the major source of
Q49: According to the neoclassical growth model,in a
Q51: According to the neoclassical growth model,if a
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents