What is the most important implication of the Solow growth model? Does it imply that an increase

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What is the most important implication of the Solow growth model? Does it imply that an increase in the rate of private saving is useless as a means to increase the standard of living in the long run?

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Macroeconomics

ISBN: 978-0138014919

12th edition

Authors: Robert J Gordon

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Question Posted: Dec 09, 2015 03:19 AM

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What is the most important implication of the Solow growth model? Does it imply that an increase

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Solow showed that an increase in the national saving rate will not permanently increase the r...View the full answer

Macroeconomics

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