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Title: Newlandia and Oldia are two countries with the same production function and growth rate in ... Post by: Cwds613 on Dec 19, 2022 Newlandia and Oldia are two countries with the same production function and growth rate in technology and are initially at their steady-states. Oldia's savings rate increases. As a result, in the short to medium term, Oldia's growth rate will be ________ than Newlandia's because after the savings rate increase, Oldia's rate of capital accumulation will be ________ than capital depreciation until it reaches its new steady state.
▸ lower; higher ▸ Higher; higher ▸ same as; lower ▸ lower; lower Title: Newlandia and Oldia are two countries with the same production function and growth rate in ... Post by: alexisgardner09 on Dec 19, 2022 Content hidden
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