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Category > Business & FinancePosted 06 Dec 2017My Price5.00
eithertrue, false, or uncertain. Support your answer by sketching a diagram...
. (True/False/Uncertain) Label each of the following statements as eithertrue, false, or uncertain. Support your answer by sketching a diagram orwriting down a relevant equation.
i. Increasing the savings rate will increase labor productivity and wagesin the long run.
ii. Increasing the savings rate will increase living standards, as measuredby consumption per capita, in the long run.
iii. A lower rate of depreciation leads to higher income per capita.
iv. Competitive firms will maximize profits by setting their employmentlevels so as to equate the wage to the average product of labor