All else being equal, a permanent decrease in the saving rate in a steady-state economy would cause

A. an increase in the capital-labor ratio and a decrease in consumption per worker.
B. an increase in the capital-labor ratio and an increase in consumption per worker.
C. a decrease in the capital-labor ratio and a decrease in consumption per worker.
D. a decrease in the capital-labor ratio and an increase in consumption per worker.


Answer: C

Economics

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Answer the following statement true (T) or false (F)

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