An increase in the saving rate will affect which of the following variables in the long run?
A) output per worker
B) capital per worker
C) the level of investment
D) all of the above
D
Economics
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For this question, assume that expectations of productivity growth adjust slowly. Now, suppose that there is a 3% reduction in productivity. Explain how this 3% reduction in productivity can cause changes in the unemployment rate
What will be an ideal response?
Economics
The number of firms in an oligopolistic industry
A) must be less than 10. B) must be less than 20. C) must be small enough that firms are interdependent. D) must be large enough for firms to be independent.
Economics