The Solow growth rate is the rate of economic growth that would occur given:

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The Solow growth rate is based on the assumption of flexible prices and the existing real factors of production. It is the long-run steady-state rate of growth that an economy can achieve based on the level of technological progress, labor force size, and capital stock. Sticky prices and expected real factors of production would affect short-term fluctuations in economic growth rather than the long-term Solow growth rate.

The Solow Growth Rate Is the Rate of Economic Growth