According to the neoclassical growth model, if a country makes a polic

According to the neoclassical growth model, if a country makes a policy change to increase its savings rate, in the new steady state:

a. output per worker will grow faster than before.
b. output per worker will grow at the rate of technology growth.
c. capital per worker will be permanently higher.
d. all of the above.

 

ANSWER

D

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