The experience of Asia from 1960 to the end of the 20th century suggests that higher investment rates
A) lead to excess capacity and long-term unemployment
B) can stimulate economic growth until the steady state is reached
C) reduce the rate of economic growth in the short run and increase it in the long run
D) are not influence by domestic saving or interest rates
E) cannot be sustained because they ultimately induce higher depreciation rates
Correct Answer:
Verified
Q25: The Demographic transition is temporary because
A) higher
Q26: During the 20th century,convergence occurred most clearly
A)
Q27: The next questions refer to the following.
Consider
Q28: The next questions refer to the following.
Consider
Q29: The Golden Rule for achieving the highest
Q30: The next questions refer to the following.
Consider
Q31: The Demographic transition is important for growth
Q33: Growth accounting for China demonstrates that
A) Unlike
Q34: For any economy with an existing capital
Q35: In a steady state,
A) I(t) = 0
B)
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