Author Question: The saving rate has the following characteristic in Solow's exogenous growth model A) it ... (Read 102 times)

Medesa · **on:** Jun 30, 2018

The saving rate has the following characteristic in Solow's exogenous growth model

A) it increases with output.
B) it first decreases, then increases with output.
C) it first increases, then decreases with output.
D) it is constant.

Question 2

Consumers who do not consistently discount the future over time are likely to ________.

A) under-report their taxable income
B) be unprepared financially for retirement
C) opt in to employer-sponsored savings plans
D) make excessive sacrifices on behalf of their children