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adnan_buljic adnan_buljic
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A year ago
According to the Solow model, given the levels of total efficiency units of labor and technology, ________.

▸ increases in the rate of physical capital accumulation can be the sole reason for sustained economic growth

▸ there is a maximum fixed level of GDP that an economy can achieve by increasing saving

▸ the physical capital stock does not play any role in the determination of the steady-state equilibrium level of GDP

▸ increases in the saving rate is the sole reason for sustained economic growth
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
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Ama1911Ama1911
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A year ago
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