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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 decreas…
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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 decreas…
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Jun 17, 2024
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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
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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.
Stephen Zeng
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