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Cwds613 Cwds613
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A year ago
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
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Macroeconomics

Macroeconomics


Edition: 3rd
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alexisgardner09alexisgardner09
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A year ago
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Cwds613 Author
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A year ago
Brilliant ツ
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Helped a lot
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