In a neoclassical growth model , if the capital-labor ratio is lower than the optimal steady- state level , we should expect that A ) saving is
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34. In a neoclassical growth model, if the capital-labor ratio is lower than the (optimal) steady-state level, we should expect that

A) saving is smaller than the investment requirementB) output per capita will temporarily grow at a rate lower than population growthC) income per capita will decreaseD) there will be a temporary increase in the capital stock that is greater than the increase in populationE) all of the above
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Uploaded by: asssee

Subject: Business, Economics

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