If endogenous growth models are correct, a lower rate of growth in the long run could occur as a result of which of the following?
A) a lower rate of saving
B) a lower rate of depreciation
C) a redefinition of depreciation
D) a redefinition of the steady state
E) none of the above
A
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In economics, the term "equity" means
A) economic benefits are distributed fairly. B) everyone has an equal standard of living. C) the hardest working individuals consume all they want. D) only elected officials have high standards of living.
In order to increase the money supply, the Fed can
A. Lower the reserve requirement, decrease the discount rate, or buy bonds. B. Raise the reserve requirement, increase the discount rate, or sell bonds. C. Raise the reserve requirement, increase the discount rate, or buy bonds. D. Lower the reserve requirement, increase the discount rate, or buy bonds.