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a) describe what factors determine the slope of the required investment line.
b) Assume the economy has achieved the balanced growth steady state. describe what factors determine the rates of growth of each of the following variables when balanced growth is achieved: output per effective worker, capital per effective worker, output per worker, output, and consumption per worker.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M966362

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