In the neoclassical growth model, an increase in the saving rate will
In the neoclassical growth model, an increase in the saving rate will
a. increase the long-run equilibrium rate of growth in output.
b. reduce the long-run equilibrium rate of growth in output.
c. leave the long-run equilibrium rate of growth in output unchanged.
d. affect the long-run equilibrium rate of growth in output but the direction of the effect is uncertain.
ANSWER
A
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