Which of the following changes would lead, according to the Solow model, to a higher level of long-run output per worker?
A. A lower level of capital per worker
B. A rise in the rate of population growth
C. A decrease in productivity
D. An increase in the saving rate
Answer: D
Economics
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If the quantity of money demanded is greater than the quantity supplied, then in the short run the
A) demand for financial assets increases. B) price of financial assets rises. C) nominal interest rate rises. D) nominal interest rate falls. E) price level rises.
Economics
What condition has been reached when buyers will purchase exactly as much as sellers are willing to sell?
a. supply and demand b. excess demand c. equilibrium d. price floor
Economics