An important conclusion from Solow's work on long-run growth is that
A) in the steady state, both capital stock and output grow at a slower rate than the labor force.
B) the economy's growth rate does not depend on the savings rate.
C) economies that save more experience a higher growth rate.
D) in the steady state, both capital stock and output grow at the same rate as the labor force.
E) b and d.
Correct Answer:
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