Suppose the Saving Rate Is Initially Less Than the Golden

question 1

Multiple Choice

Suppose the saving rate is initially less than the golden rule saving rate.We know with certainty that a reduction in the saving rate will cause

• A)a reduction in the capital labor ratio.
• B)a reduction in output per worker.
• C)a reduction in consumption per worker.
• D)all of the above
• E) none of the above

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