The Golden Rule Level of the Steady-State Capital Stock

question 77

Multiple Choice

The Golden Rule level of the steady-state capital stock:

• A) will be reached automatically if the saving rate remains constant over a long period.
• B) will be reached automatically if each person saves enough to provide for his or her retirement.
• C) implies a choice of a particular saving rate.
• D) should be avoided by an enlightened government.

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