Author Question: In a steady-state economy with no population growth, output per worker is 35, the saving rate is 20 ... (Read 121 times)

kamilo84 · **on:** Jun 30, 2018

In a steady-state economy with no population growth, output per worker is 35, the saving rate is 20 percent, and the depreciation rate is 11 percent. The level of capital per worker is ________.

A) 64
B) 19
C) 39
D) 28

Question 2

Within the IS-LM curve model, a decline in expectations would

a. lower income and the interest rate.
b. increase income and lower the interest rate.
c. lower income, but leave the interest rate unchanged.
d. lower the interest rate, but leave income unchanged.
e. lower income and increase the interest rate.