Multiple Choice
Many rapidly developing countries in East Asia have pursued government policies,which encourage savings.According to the neoclassical growth model,if these policies stimulate savings but do not encourage technology growth,then these policies
A) will have no effect on the level of output.
B) will increase output growth permanently.
C) will increase output growth in the short-run,but not in the long-run.
D) will have no effect on the growth of output in the short-run or the long-run.
E) none of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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