According to the neoclassical growth model, what is the effect of an increased saving rate on the economy's growth rate?

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It results in faster economic growth.It causes the growth rate to become unstable.It leads to variable growth rates over time.It does not alter the long-term growth rate.It decreases the growth rate.

Explanation

In the neoclassical growth framework, raising the saving rate boosts the capital stock and output level, but it does not change the steady-state growth rate of the economy, which is determined by technological progress.