9.0k views
3 votes
If a short-lived recession is expected, a consumption smoother will exhibit______ in consumption A. no change B. a large increase C. a rising rate of increase D. a large decrease

1 Answer

4 votes
B) capital accumulation alone cannot lead to sustainable economic growth

-because solow growth model explains how population growth, technological progress and capital accumulation affects the level of output and growth of the economy.
User Stephen Zeng
by
8.5k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.