A price floor set below the equilibrium price will cause which of the following?

Which of the following is TRUE?

A) Real and nominal values are not related. B) Real standards of living can increase without any positive economic growth. C) Real standards of living decrease with positive economic growth. D) Real growth rates fail to account for by price level changes.

Which of the following will cause a reduction in the steady-state growth rate of output per worker?

A) a reduction in the saving rate B) an increase in the population growth rate C) an increase in the rate of depreciation D) an increase in the saving rate E) none of the above