Other things the same, in the Solow model in the steady state, a higher rate of population growth ________ the level of output per worker

A) leads to an increase in
B) has no long-run effect on
C) has an ambiguous effect on
D) leads to a decrease in

D

Economics

You might also like to view...

Some economists argue that the increases in aggregate demand for output spurred by wartime spending, complemented by the strong spending in the private sector, impacted the U.S. economy by

(a) increasing production and employment. (b) increasing employment and income. (c) increasing income, thus fueling additional spending. (d) contributing to all of the above.

Economics

Corporate takeovers of a firm occur

A. when one firm’s market share for their product goes to zero. B. when a group acquires sufficient stock in a firm to take control of the firm’s operations. C. when a new chief executive officer replaces the previous chief executive. D. when a corporation issues new shares of stock.

Economics