If the rate of investment exceeds the rate recommended by the Golden Rule,
A) the economy will not reach a steady state
B) long run consumption will fall below its Golden-Rule level
C) the economy will experience sustained long run growth
D) the marginal product of capital will increase
E) the rate of depreciation will speed up
Correct Answer:
Verified
Q19: Investing in capital is profitable as long
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Q25: The Demographic transition is temporary because
A) higher
Q26: During the 20th century,convergence occurred most clearly
A)
Q27: The next questions refer to the following.
Consider
Q28: The next questions refer to the following.
Consider
Q29: The Golden Rule for achieving the highest
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