Author Question: Other things the same, in the Solow model in the steady state, a higher rate of population growth ... (Read 49 times)

itsmyluck · **on:** Jun 30, 2018

Other things the same, in the Solow model in the steady state, a higher rate of population growth ________ growth rate of output per worker.

A) leads to a higher
B) leads to a lower
C) has no long-run effect on the
D) has an ambiguous effect on the

Question 2

By referring to Figure 7-1, an increase in the money stock

a. shifts the LM schedule to the right from LM0 to LM1.
b. shifts the LM schedule to the left from LM0 to LM2.
c. leaves the LM curve unchanged at LM0.
d. shifts neither the IS nor the LM schedule.