When steady state capital per worker is above the, Ask an Expert

Economics

When steady state capital per worker is above the golden-rule level, we know with certainty that an increase in the saving rate will

decrease consumption in both the short run and the long run.

increase consumption in both the short run and the long run.

increase consumption in the short run, and decrease it in the long run.

decrease consumption in the short run, and increase it in the long run.

none of the above

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M92196476

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