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Business, 23.07.2021 05:00 EBeast7390
Consider an economy described by the combined Solow and Romer model. If this economy is on its balanced growth path when an exogenous permanent increase in the depreciation rate occurs: Group of answer choices the level of output per capita on the new balanced growth path will remain unchanged the growth rate of output per capita will remain unchanged there will be an immediate growth effect the economy will not exhibit transition dynamics
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Consider an economy described by the combined Solow and Romer model. If this economy is on its balan...
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