The Solow model suggests that economies with the same aggregate production function, ratio of workers to the total population and saving rates will ________
A) trade with one another
B) start with different initial levels of per capita income
C) possess the same rate of depreciation
D) experience convergence
D
Economics
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What does the marginal propensity to consume measure and how is it related to the consumption function?
What will be an ideal response?
Economics
Public goods are desired because
A) people want and value them but the private sector will not make them available. B) we want the government to spend our tax dollars. C) they came in small units. D) they make supply equal to demand for private goods.
Economics