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[Solved]: In a steady-state economy with population growth n
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(Solved): In a steady-state economy with population growth n and labor-augmenting techno- logical progress g, ...



In a steady-state economy with population growth n and labor-augmenting techno- logical progress g, persistent increases in standards of living are possible because the: (a) capital stock grows faster than does the labor force. (b) capital stock grows faster than does the number of effective workers. (c) rate of depreciation constantly decreases. (d) saving rate constantly increases.



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