Which of the following statements is correct with respect to endogenou
Which of the following statements is correct with respect to endogenous growth models?
a. Changes in government policy that affect savings and investment rates can increase levels of output in the long-run.
b. Changes in government policy that affect savings and investment rates can increase the growth rate of output in the long-run.
c. Long-run growth rates are not stationary.
d. both a and b.
e. all of the above.
ANSWER
E
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