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rocibel
rocibel
16.10.2019 • 
Business

An economy starts in steady state. a war causes a massive destruction of the capital stock. this shock will cause
a. the economy to converge to a new lower steady state.
b. the economy to enter a period of negative growth.
c. the growth rate of output to rise initially as the economy begins to converge to a new lower steady state.
d. the growth rate of output to rise initially as the economy begins to converge to the old steady state

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