Consider an economy described by the combined solow and former model. If this economy is on its balanced growth path when an exogenous permanent increase in the depreciation rate occurs there will be an immediate growth effect
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Consider an economy described by the combined Solow and Romer model. If this economy is on its balanced growth path when an exogenous permanent increase in the depreciation rate occurs:
a)the level of output per capita on the new balanced growth path will remain unchanged
b)the growth rate of output per capita will remain unchanged
c)there will be an immediate growth effect
d)the economy will not exhibit transition dynamics
Economics is defined as the management of financial matters in communities, businesses, or families. An example in economics is the US stock market system. Careful use of assets, resources, etc. Reduce waste through careful planning and use. economical or frugal use.
A series of markets in which goods and services are exchanged and enabled by capital together form an economy. These networks exist at local, national, and international levels. Economies can take many forms, focus on different priorities, and have different levels of government intervention.
economic topics affect our daily life. These include topics such as taxes and inflation, interest rates and wealth, inequality and emerging markets, energy and the environment
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