In the neoclassical theory of growth,an increase in the growth rate of population will lead to

Name: In the neoclassical theory of growth,an increase in the growth rate of population will lead to
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According to the neoclassical theory of growth, an increase in the growth rate of population will lead to a decrease in the per capita availability of capital and a decrease in the marginal product of labor. As a result, the long-run economic growth will slow down, leading to a lower long-run economic growth.

In the Neoclassical Theory of Growth,an Increase in the Growth