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) An increase in the saving rate
C) A rise in the rate of population growth
D) A decrease in productivity
B
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The average product is the greatest in the short run when the
A) total product is maximized. B) marginal product is equal to zero. C) marginal product is maximized. D) marginal product is equal to the average product. E) marginal product is greater than the average product.
Stock in a German corporation can be purchased directly with currency from any other country
a. True b. False Indicate whether the statement is true or false
Which of the following is an accurate statement about economics?
a. It helps us understand the consequences of our choices. b. It tells us when to choose. c. It tells us how to choose. d. It is an objective guide of what to choose.
The long-run adjustment to a negative supply shock results in
A) the short-run aggregate supply curve shifting to the right. B) the price level rising. C) unemployment rising. D) workers being willing to accept higher wages.