Initially, the economy is at point G in Figure 10-4 above. A change in per capita savings ________ will after complete adjustment ________
A) point X to point E; lower the growth rate of output per capita
B) point X to point E; raise the growth rate of output per capita
C) point E to point X; raise output and saving but not the growth rate of output per capita
D) point E to point X; raise output and saving and the growth rate of output per capita
B
Economics
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A monopoly restricts output and charges a higher price than other types of firms
a. True b. False Indicate whether the statement is true or false
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In a perfectly competitive farm market with economic losses, farmers will
A. Exit until accounting profits are zero. B. Exit until profits are normal. C. Buy more farmland and expand until profits are normal. D. Not enter or exit based on economic profits.
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