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johnpaul92 johnpaul92
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8 years ago
The Solow model demonstrates that
A) in the absence of productivity growth, economic growth will reach a steady state of zero per-capita growth in the long run.
B) productivity growth will inevitably decline due to diminishing marginal productivity.
C) in the absence of productivity growth, economic growth will turn negative in the long run.
D) productivity growth must exceed the rate of growth in the population to avoid a steady state in the long run.
Textbook 
Macroeconomics

Macroeconomics


Edition: 8th
Authors:
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supamansupaman
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8 years ago
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johnpaul92 Author
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#2
8 years ago
This answers my question, thank you so much
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#3
8 years ago
Glad to be part of your success Wink Face
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