In a Growth Model with Endogenous Population Growth and an Investment

Multiple Choice

In a growth model with endogenous population growth and an investment requirement that rises slowly at first then rises sharply and eventually flattens out, we can get

A) three steady-state equilibria, only one of which is stable
B) three steady-state equilibria, only two of which are stable
C) three steady-state equilibria, all of which are stable
D) one stable steady-state equilibrium, but only if the savings rate is high enough
E) both B and D are possible