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Suppose the saving rate is greater than the golden rule saving rate (sG).First,explain what must happen to the saving rate in order to increase steady state consumption.Second,what are the advantages and disadvantages of this policy to increase steady state consumption.
Collective Performance
Refers to the aggregated or combined outcomes and achievements of a group or team working together towards common objectives.
Power of Earning
The capacity to generate income or wealth through work, investments, or other economic activities.
Organizational Reward System
The mechanisms and structures within an organization designed to recognize and compensate employees for their contributions.
Active Behavior
Engaging in actions that are intentional and purposeful.
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