Initially, the economy is at point B on Figure 10-2 above. According to the Solow growth model, a dramatic decrease in the rate of saving after complete adjustment shifts the economy from ________
A) B to H, increasing output per capita
B) B to C, increasing output and capital per capita
C) B to D, decreasing the output and capital per capita in the long run
D) B to E, decreasing output per capita but holding per capita capital constant
C
Economics
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The range to the right of the midpoint on a linear demand curve is
A) elastic. B) infinite. C) one. D) inelastic.
Economics
Markets tend to produce too little of an excludable public good because
A) transaction costs are high. B) of the lack of rivalry. C) these goods are depletable. D) All of the above.
Economics