1) True, False, Uncertain EXPLAIN WHY
a) In the Solow growth model, a higher savings rate is a good way to get higher GDP and higher GDP growth
b) The Solow growth model tells us that a flood of immigrants will, in the long run, raise interest rates and reduce wages.
c) In world in which absolute convergence applies, absolute convergence implies that the dispersion of income per person will converge towards zero.