21) Assume the Solow growth model. Suppose two countries that are similar in everything except in the savings rates. If country A has a lower saving rate than country B, then: (choose one) -Country A grows faster than country B in the long run. -Both countries growth at the same rate in the long run. -Country B grows faster than country A in the long run. -Both countries have the same standard of living in the long run. 22) In the two-sided search model from Chapter 6, an increase in worker bargaining power “a” looks the same in graphs as does either an increase in unemployment insurance benefit “b” or the introduction of a minimum wage above the initial market wage. (choose one) -true -false
21) Assume the Solow growth model. Suppose two countries that are similar in everything except in the savings rates. If country A has a lower saving rate than country B, then: (choose one)
-Country A grows faster than country B in the long run.
-Both countries growth at the same rate in the long run.
-Country B grows faster than country A in the long run.
-Both countries have the same standard of living in the long run.
22) In the two-sided search model from Chapter 6, an increase in worker bargaining power “a” looks the same in graphs as does either an increase in
-true
-false
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