According to the Harrod-Domar model,what effect does an increase in the saving rate have on long-term growth?
A) leads to an increase
B) leads to a decrease
C) the advent of hyperinflation
D) difficult to determine because of the unknown level of corruption in government
Correct Answer:
Verified
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A)
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A) risk
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Q19: Consider the Harrod-Domar relationship for an economy:
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These terms can be
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