Refer to the figure above, the transitional dynamics would be caused by: O a positive TFP shock. O none of the answers O an increase in the saving rate. O a decline in the saving rate.

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Chapter7: Production And Growth
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OUTPUT, Y
y**
TIME
Refer to the figure above, the transitional dynamics would be caused by:
O a positive TFP shock.
none of the answers
an increase in the saving rate.
O a decline in the saving rate.
Transcribed Image Text:OUTPUT, Y y** TIME Refer to the figure above, the transitional dynamics would be caused by: O a positive TFP shock. none of the answers an increase in the saving rate. O a decline in the saving rate.
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