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Quiz
· Economic Growth 2
· 4 of 8
Development Economics
Knowledge Check
Question 1 of 4
Consider a basic Solow Model where the production function is represented by Y=√K. Further suppose that savings is represented by s=.3√K. Suppose that s changes to s=.1√K. Graphically, this means that the savings curve
a.
shifts up
b.
shifts down
c.
rotates toward the y-axis
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