Business, 03.09.2019 17:10 cocaineal

If a war destroys a large portion of a country's capital stock but the saving rate is unchanged, the solow model predicts output will grow and that the new steady state will approach: a. a higher output level than before. b. the same output level as before. c. a lower output level than before. d. the golden rule output level.

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If a war destroys a large portion of a country's capital stock but the saving rate is unchanged, the...