Fill This Form To Receive Instant Help

Help in Homework
trustpilot ratings
google ratings


Homework answers / question archive / In the long run, an increase in the saving rate in a steady-state economy will cause A) an increase in the capital-labour ratio and a decrease in consumption per worker

In the long run, an increase in the saving rate in a steady-state economy will cause A) an increase in the capital-labour ratio and a decrease in consumption per worker

Economics

In the long run, an increase in the saving rate in a steady-state economy will cause A) an increase in the capital-labour ratio and a decrease in consumption per worker. B) an increase in the capital-labour ratio and an increase in consumption per worker. C) a decrease in the capital-labour ratio and a decrease in consumption per worker. D) None of above. 

 

pur-new-sol

Purchase A New Answer

Custom new solution created by our subject matter experts

GET A QUOTE

Answer Preview

The correct option is B "an increase in the capital labor ratio and an increase in the consumption per worker".