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According to Paul Krugman, the Rapid Growth Rates of the Asian

Question 40

Multiple Choice

According to Paul Krugman, the rapid growth rates of the Asian Tigers are


A) a true miracle.
B) the result of a transition to a higher steady state equilibrium brought about by sharp increases in saving and their effective labor forces.
C) the result of a transition to a higher steady state equilibrium brought about by an increases in consumption and a decrease in saving.
D) the result of rapid technological progress, based largely on copying ideas from developed countries.

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