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(Solved): 3. In the Solow-Swan model, how does an increase in the savings rate affect the steady-state level o ...



3. In the Solow-Swan model, how does an increase in the savings rate affect the steady-state level of output per capita? a. It increases the steady-state level. b. It decreases the steady-state level. c. It has no effect on the steady-state level. d. It depends on the magnitude of saving rate relative to the golden saving rate.



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