Multiple Choice
Suppose the saving rate is initially greater than the golden rule saving rate.We know with certainty that an increase in the saving rate will cause
A) an increase in the rate of growth in the long run.
B) a reduction in output per worker.
C) a reduction in consumption per worker.
D) all of the above
E) none of the above
Correct Answer:
Verified
Correct Answer:
Verified
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