In the context of the neoclassical growth model, the effect(s) of an increase in the population growth rate is/are:
A. Reduction in steady-state level of capital per head.
B. Increase in per-capita output.
C. Increase in the steady-state rate of growth of aggregate output.
D. Decrease in the capital-output ratio.
E. An inward shift in the production possibility curve. Choose the most appropriate answer from the options given below:
Tap an option to check your answer.
